What is Section 8 Company? A Company is referred to as Section 8 Company when it is registered as a Non-Profit Organization (NPO) i.e. when it has motive of promoting arts, commerce, education, charity, protection of environment, sports, science, research, social welfare, religion and intends to use its profits (if any) or other income for…
Content What is society? Purpose for creation of society Eligibility and requirement to form a society Procedure to form a society Post compliances What is society? A society is an association of several persons combined for the promotion of a common cause without any monetary gain. Society is a legal form and is governed by…
Content Introduction Section 12A Amendment in section 12AA New section 12AB Amendment in section 80G Amendment in section 80GGA Introduction As on February 01, 2020 Finance Minister of India, Ms. Nirmala Sitaraman presented the Union Budget 2020 wherein she proposed substantial amendments for granting exemptions to the charitable/ religious trusts, institutions, etc. She proposed to…
CONTENT. What is society Purpose of society Incorporation of society. Alteration of constitution and bylaws. Importance of society act WHAT IS SOCIETY? In common words society means a group of people which runs any business for the benefits of its members. As according to the societies act, “society” means- A society that is incorporated, amalgamated,…
Content: Introduction Trust Company Work of a trust company Benefits of trust Advantages of trust Disadvantages of trust Tax requirement Introduction Before anyone imagines this as a trust that we have in our friends, God, parents and the loved ones, let me tell you that the one we are taking here lays its roots in…
Content: What is section 8 Company as per IT Act 2013 Features of Section 8 Company Privileges for Section 8 Company Minimum requirements for section 8 Company Exemption for Section 8 companies Income tax exemptions How to get registered under Section 8 company? Frequently asked questions What is section 8 Company as per IT Act…
Table of Content What is Section-8 Company? Annual Compliances of Section-8 Companies Know about the Due dates for filing Section 8 Company Compliances What is the benefit of following annual compliance of Section 8 of the Company? Annual Filling is a mandatory for every company incorporated in India. The E-form filing along with the required…
NGOs are defined as the non-profit making organisations which raises funds from its members or donors or contributors apart from receiving donation of energy, time and skills for achieving social objectives like imparting education, economic assistance to poor, providing medical facilities, managing disasters and emergent situations. The above definition would include religious organisations, voluntary health…