1-can NPO entity sell goods ??
2 - which act is applicable for the regulation of NPO
Menu
Can npo sell goods
Replies (1)
An NPO can legally sell goods as long as the revenue furthers its charitable purpose. Depending on its legal structure, an NPO in India is regulated by the Companies Act (Section 8), Societies Registration Act, or Indian Trusts Act, alongside the Income Tax Act for tax exemptions.
Recent Topics :
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
- Full & Final Settlement — what changed u
- Capital gains or losses when new equity was issued
Related Topics :
CAclubindia
