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Taxation Of NPOs U/s 13(10) - Not Fulfilling The Conditions Of Registration

Legal / E-Newsletters
Charitable or religious institution are not subject to tax, provided they follow all the conditions of registration as well as the compliance with regard to the application of income. If the amount spent on the objects of the trust during the year is less than 85% of the income, the shortfall is taxable. Sections 11 to 13 provide various situations that result in non-compliance and the implication for such non-compliance. In this issue, we discuss the provisions of section 13(10) which become applicable when an organization fails to comply with the conditions under section 11 with regard to application of income. This includes non-compliance to section 13(10) and 13(11), situations attracting section 13(10), computation of income, exemption/ benefits not available while calculating income. For details, please read this issue of our Standard and Norms
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date : 12-07-2023
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Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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