26 September 2014
AN NGO AND WELFARE SOCIETY HAVING PAN CARD WITH STATUS OF ASSOCIATION OF PERSON ( AOP) HOW TO COMPUTE ITS TAX LIABILITY??
WHEN IS NGO AND SOCIETY CHARGEABLE TO MARGINAL RATE OF TAXATION ??
IS VOLUNTARY DONATION RECEIVED IS SEPARATELY CHARGED WITHOUT CONSIDERING MINIMUM EXEMPTION LIMIT , OR CHARGE IS ONLY ON SURPLUS ( REVENUE - EXPENDITURE )
IF SOCIETY IS NOT REGISTERED AS TRUST IT IS ASSESSABLE AS AOP WHAT SHALL BE THE BASIS OF TAXATION.
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