Taxation of ngo and society
This query is : Resolved
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.
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.
26 September 2014
is it registered under section 12AA????
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