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Foreign contributions to non-profits are governed by FC(R)A regulations and the Home Ministry. For an organisation to be termed as charity it requires Income tax clearances under 12A Section of Income Tax Act. Section 2(15) of the Income Tax Act defines ‘charitable purpose’ to include ‘relief of the poor, education, medical relief and the ...
Public trusts can be created for public charitable purposes. There is no All India Level Act for setting up public charitable trusts. Some of the states in India have enacted the Public Charitable Trust Act, while most states in India do not have a trust Act. An NGO can be created only under a public trust Act.
The following laws or Constitutional Articles of the Republic of India are relevant to the NGOs: Articles 19(1)(c) and 30 of the Constitution of India; Income Tax Act, 1961; Public Trusts Acts of various states; Societies Registration Act, 1860; Section 25 of the Indian Companies Act, 1956 (Section 8 as per the new Companies Act, 2013)
1947: Delhi: Sushant Agarawal: Leaf Bank: Environment Conservation Delhi: Akanksha Foundation: Education 1991 Mumbai: Shaheen Mistri: CHD Group: Global Public Health. Medical Relief in Disasters Nutrition Child Health Road Safety Primary Health Care
To claim charitable tax deductions you must line-item your taxes, so most of this planning isn’t valuable for anyone who takes the standard deduction. However, for households who file a Schedule ...
A society is legally registered under the Societies Registration Act, 1860. The Indian Societies Registration Act of 1860 was enacted under the British Raj in India, but is largely still in force in India today. It provides for the registration of literary, scientific and charitable societies.
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The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$17 billion) in 1997–98 to ₹ 5,889.09 billion (US$71 billion) in 2007–08. [3] [4] In 2018–19, direct tax collections reported by the CBDT were about ₹ 11.17 lakh crore (₹11.17 trillion). [5]