Business by NGO/NPO
This query is : Resolved
17 October 2008
Dear Sirs,
Ours is a registered Society in Andhra Pradesh.
Our Activities:
Providing free medical treatment and free shelter to the disabled animals like dogs, cats, cattle, donkeys, horses and wildlife.
Position:
To secure income to feed our animals (around 200 cattle rescued from illegal transportation), we are producing organic vegetables, spirulina and milk products (from few milking cattle) and selling them through our shop.
We are planning to produce food grains from our own land.
Query:
1. If we continue our business, Is it effect our 12A
2. Since we are proding free medical care to the animals, can we treated as Medical relief society, which can continue their business to raise their own income for sustainability
Ours is a registered Society in Andhra Pradesh.
Our Activities:
Providing free medical treatment and free shelter to the disabled animals like dogs, cats, cattle, donkeys, horses and wildlife.
Position:
To secure income to feed our animals (around 200 cattle rescued from illegal transportation), we are producing organic vegetables, spirulina and milk products (from few milking cattle) and selling them through our shop.
We are planning to produce food grains from our own land.
Query:
1. If we continue our business, Is it effect our 12A
2. Since we are proding free medical care to the animals, can we treated as Medical relief society, which can continue their business to raise their own income for sustainability
17 October 2008
From the information you have given you are producing your own agricultural products and selling them, to costitute income from agriculture. If this is so, your income is exempt.
18 October 2008
Dear Sir,
Thank you for your reply. Regarding Income Tax amendment 2008 on continuing business by NGO/NPO:
Our organisation already has 12A exemption.
- Can we continue with our agriculatural produce and sale without loosing our 12A exemption???
- As our animal welfare hospitals provide free treatments for small and large animals, we need to know, if we are considered a part of "Medical care" as mentioned in the amendment???
Thank you for your reply. Regarding Income Tax amendment 2008 on continuing business by NGO/NPO:
Our organisation already has 12A exemption.
- Can we continue with our agriculatural produce and sale without loosing our 12A exemption???
- As our animal welfare hospitals provide free treatments for small and large animals, we need to know, if we are considered a part of "Medical care" as mentioned in the amendment???
18 October 2008
Only business is prohibited not agricultural activities.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Form 10BD Filling
- Registration as Authorised Representative of minor
- ESIC- Employee Registration
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
