Utilisation of funds by a society
This query is : Resolved
14 August 2013
can a society registered under the society act 1860 utilise for the charitable purpose at nepal though the funds collected in india. if we can utilise then what are the provision applicable for the same.
CA UMESH DULAL
(Expert)
14 August 2013
specify whether it is registered u/s 12A/12AA?
15 August 2013
and what would be the case if its not registered in any of these sections?
CA UMESH DULAL
(Expert)
16 August 2013
Yes you can apply fund in Nepal.
for claiming 85% of utilization, the project should be a project for which India is interested.
Normally, project under taken by Indian Embassy qualify.
If it is not the project for which India is not interested, then the expenditure incurred by you for the project can not be taken for calculating 85%
for claiming 85% of utilization, the project should be a project for which India is interested.
Normally, project under taken by Indian Embassy qualify.
If it is not the project for which India is not interested, then the expenditure incurred by you for the project can not be taken for calculating 85%
CA UMESH DULAL
(Expert)
16 August 2013
If your Trust/society is not registered under 12A/12AA, then you are not allow to take benefit of exemption when you incurred 85% of total for charitable purpose
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