A NGO(TRUST) registered under section 12A, 80G of income tax act and under the provision of FCRA wants to invest in the share of a Pvt Ltd. company out of its Unrestricted fund(Genaral Fund). What will be the implication under the income tax act?
Menu
Taxation of ngo
Replies (1)
Dear Mukesh
you are not supposed to invest in private companies, as it leads to cancellation of 12A regn
Recent Topics :
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
Related Topics :
CAclubindia
