A clearer view of scope, requirements, and delivery.
This benefit is available for NGO’s. Under section 12A of the Income Tax Act, Section 8 Companies, Societies and Trusts can obtain a certificate that will enable them to receive payment from any entity without deduction of Tax (TDS). Under Section 12A of the Income Tax Act, 1961, non-profit organizations like charitable trusts, welfare societies, NGOs, religious institutions, etc. are entitled to tax exemptions. This tax relief was introduced, keeping in consideration that non-profit entities work for social welfare and not for generating profit.
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