This edition of the handbook has been revised and enlarged on the basis of various feedback received from cross section of the Voluntary Sector and th...

“FCRA Law & Intricacies” is designed to provide you with practical, in-depth insights into over 300 most critical and complex FCRA issues. Whether...

Charitable and religious organisations are subject to separate computation of income under section 11 and the respective clause of section 10(23C). On...

In this edition, we’re exploring: 1. Recent changes in the ITR form and their implications. 2. The impact of the FCRA law on administrative expe...

In this edition, we’re exploring: 1. Recent changes in the ITR form and their implications. 2. The impact of the FCRA law on administrative expe...

In this edition, we’re exploring: 1. Recent changes in the ITR form and their implications. 2. The impact of the FCRA law on administrative expe...

In continuation of our analysis of Union Budget 2024 and its implication on the NPOs, this S&N covers the issues pertaining to the proposed amendment ...

We are happy to present the analysis of the Union Budget 2024 and its implications on the NPOs. The analysis will be presented through multiple volume...

The interpretation of administrative expenses under the Foreign Contribution Regulation Act (FCRA) has been a contentious and often confusing issue. T...

Analysis of the amended law regarding Provisional and Direct Regular Registration based on the commencement of activities from 01.10.2023 As per th...

As per the new registration scheme effective from 1st April, 2021, all the existing registered /approved trusts were required to apply for five year r...

Key features in order to have a quick overview of the INTERface 1. Cancellation powers of CIT Under Income Tax Act 2. Change in Form FC4 - Under F...

Key features in order to have a quick overview of the INTERface 1. Cancellation powers of CIT Under Income Tax Act 2. Change in Form FC4 - Under F...

Key features in order to have a quick overview of the INTERface 1. Cancellation powers of CIT Under Income Tax Act 2. Change in Form FC4 - Under F...

FMSF has been at the forefront of pioneering efforts in the realm of governance and has successfully elevated governance to a pivotal topic within NPO...

The CBDT has notified the new form of Income-tax Return 7 (ITR-7) for the Assessment Year 2024-25 vide Notification G.S.R 153(E) [NO. 24/2024/F. NO. 3...

The Central Board of Direct Taxes (CBDT) has recently issued Circular 2/2024 dt. 05/03/2024 under section 119 of the Income Tax Act. This circular pro...

The Finance Bill 2022 has brought in many path breaking changes for charitable and religious organisations. In this issue of Standard and Norms, we ar...

Depreciation is a non-cash expenditure to protect an organization against erosion in the value of assets and is generally charged while the finalizati...

The Income Tax Act states that the registration under Section 12AA, once granted, shall remain in force till its validity period or it is cancelled by...

Every FCRA registered organization needs to report the details of FCRA assets purchased during the financial year under para 3(b) of Form FC-4. Howeve...

This issue of Standard and Norms covers the experts’ opinion and analysis on the following topics: - Specific disallowances of application i...

The Finance Act 2023 has made a very important amendment with regard to inter-charity donation. With effect from assessment year 2024-25, only 85% of ...

Income derived from property held under trust or of an institution wholly for charitable/religious purposes is exempt if 85% of the income is spent on...

This edition of the handbook has been revised and enlarged on the basis of various feedback received from cross section of the Voluntary Sector and th...

Charitable or religious institution are not subject to tax, provided they follow all the conditions of registration as well as the compliance with reg...

“CBDT has issued a Circular No. 6 of 2023 dated 24th May 2023 (enclosed as Annexure 1) providing great relief to all such trust and NGOs by extendin...

This issue of Standard & Norms focuses on recent changes in the reporting format of Auditor's Reports for NPOs exempt under Sections 11 and 12 of the ...

There are many old religious and charitable trusts which do not have a formally registered Trust Deed. Such institutions find it difficult to get regi...

“Certain charitable/ religious institutions like hospitals, crèches, orphanages, schools, etc., often receive donations in kind from various source...

The Finance Bill 2023 has brought in various amendments for charitable and religious organisations. There are some amendments which will have far reac...

With amendment in section 8 of the FCRA, 2010, the limit of administrative expenses is reduced from 50% to 20% of total FC funds received during the y...

“The Supreme Court of India has given a landmark judgement which will have far reaching impact on General Public Utility (GPU) institutions subject ...

The Supreme Court of India has given a landmark judgement which will have far reaching impact on ‘educational institutions’ subject to exemptions ...

INTRICACIES OF THE NEWLY INSERTED RULE 17AA SPECIFYING BOOKS OF ACCOUNTS & OTHER DOCUMENTS Prior to the Finance Act, 2022, there was no specific re...

“The Finance Act, 2006 had brought radical changes with regard to treatment of anonymous donations received by charitable organisations by inserting...

The Securities and Exchange Board of India (SEBI) has notified various framework for the social stock exchange (SSE) by making various amendments. Thi...

This issue of Standard and Norms covers expert’s opinion with regard to 34 unique and frequently asked questions relating to newly brought forms 10B...

This issue of Standards and Norms the step by Step procedure with appropriate links to File Form 10BD...

The Finance Act, 2022 has introduced additional condition to maintain books of account by the NPOs. The issue focusses on the following: - Ove...

The issue discusses about the applicability of provisions of section 50C to NGOs focussing on the following: - Applicability - Judicial Preceden...

The Concept of Mother NPO and Grassroots NPOs has been withdrawn and all NPOs receiving FC fund have to directly implement the project activities....

The donors who are funding partners in India should ensure certain legal compliances have been discussed in this issue....

In this issue it is discussed that why it is not permissible to award a commercial contract for implementation of the activity....

FCRA rules have been notified dated 10th November, 2020. There have been changes in various Procedures and Forms prescribed under FCRA. Attached herew...

FMSF, a prominent contributor within the literature dedicated specifically to non-profits, has consistently made efforts to produce high-quality conte...

The experts’ opinion and analysis of the complete aspects related to newly notified Forms 10BD and 10BE which is applicable to all the NPOs who has ...