Menu
Sir, what are the document required to prepare the ngo balance sheet?
Much depends upon the activity of the NGO. Usually Income & Expenditure account, if no business activity.
Refer: 1. https://india.fundsforngos.org/featured/accounting-manual-indian-ngos/
and/or 2. https://jurip.org/wp-content/uploads/2016/12/Nilasha-Raha.pdf
Sir,
Which ITR has to be filled for NGO ITR 7 or ITR 5 ,if the Ngo is not register with Income TAx Department with 12A?
In that case ITR 5 (for AOP) is applicable.
Sir,
What is AOP of NGO means?
Sir,
What Tax slab rate NGO will fall ?
[Section-167B] : Association Of Persons (AOP) And Body Of Individuals (BOI) |
| (A) Where the Individual Share Of The Members of an AQPs / BOIs are unknown—
tax shall be charged on the total income of the body at the maximum marginal rate of tax: Where the total income of any member of such association or body is chargeable to tax at a rate which is higher than the maximum marginal rate, tax shall be charged on the total income of the association or body at such higher rate. (B) Where the Shares Of The Members Of An Association Of Persons Or Body Of Individuals Are Known: (i) the total income of any member thereof for the previous year exceeds the maximum amount which is not chargeable to tax, tax shall be charged on the total income of the association or body at the maximum marginal rate; (ii) any member or members thereof is or are chargeable to tax at a rate or rates which is or are higher than the maximum marginal rate, tax shall be charged on that portion or portions of the total income of the association or body which is or are relatable to the share of such member or members at such higher rate or rates, as the case may be, and the balance of the total income of the association or body shall be taxed at the maximum marginal rate. |
Sir,
At the time of registering the NGO Pan Card in Income Tax site.Which option has to be selected ,Trust or AOP .As the NGO Pan card starts with AAQ
Tell me 4 th letter.
Sir,
It is AAQTS starts with.
i Have select the Trust option and want to register , but there shows invalid organition name retry.What to do in that case.?
Is name same (with order of words and spelling) as per PAN allotment letter?
Sir
I am getting problem at the time of Filling the name of the organisation name.The name is SOCIETY FOR LIVELYHOOD PROMOTION AND AGRO INDUSTRY DEVELOPMENT.
If name is correct and same as per allotment letter, call helpline for help.
Sir,
In what situation ITR 5 is used and in what situatuation ITR 7 is used for NGO.
One of many reasons: charitable/religious trusts file ITR 7.............
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
