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Charitable society obtain funding from the govt.
one charitable society obtain the funds from the govt for running the project of govt. regarding provide the education to students. such society is liable to maintain books of accounts for obtain the funding as well as incurred the expenditure.
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Yes, it is generally required. Because it helps charitable societies to accurately track their financial transactions, to ensure that they are complying with relevant laws and regulations, and to provide accountability and transparency to their donors and stakeholders.
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