18 March 2015
Members have contributed/donated around total 2,00,000 .AOP agreement, pan, tan, bank account has been issued/done. Could anyone guide as what are tax compliances for the year. Is audit to be done ? filing of return is required ? trust registration required ?
18 March 2015
An AOP is formed for promotion of sports and contributions are received from members and non member for same
Around 150000 is receive as membership fee and donation for it and 75000 is expended in organising sports event and dinner and prize. 75000 are invested as FD (FD in name of AOP)