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NGOenabler
India
เข้าร่วมเมื่อ 1 มี.ค. 2020
NGOenabler is a team of committed professionals who has been enabling charitable organizations to achieve their goals in a more effective and efficient way.
NGOenabler is a one-stop platform which provides expert solutions to all the queries and compliances related to NGOs.
Subscriber Milestone
First - 5000 Subscribers - 21/04/2023
Waiting for 10K Subscribers
#ngoenabler
#charitabletrust
#charitableorganization
#trust
Website: ngoenabler.com/
Email us on : info@ngoenabler.com
Contact Number: 9038966010
Facebook Page : NGOenabler
FEEDBACK FORM: forms.gle/TJ9F9HQxjZJTU22r9
NGOenabler is a one-stop platform which provides expert solutions to all the queries and compliances related to NGOs.
Subscriber Milestone
First - 5000 Subscribers - 21/04/2023
Waiting for 10K Subscribers
#ngoenabler
#charitabletrust
#charitableorganization
#trust
Website: ngoenabler.com/
Email us on : info@ngoenabler.com
Contact Number: 9038966010
Facebook Page : NGOenabler
FEEDBACK FORM: forms.gle/TJ9F9HQxjZJTU22r9
Budget 2024: Key Amendments for Charitable Organizations Explained
Good morning friends,
In this video, Ashis Agarwal from Team NGOenabler discusses the significant amendments made in the context of charitable organizations as per the Finance Bill 2024, tabled in Parliament on 23-07-2024. We delve into the insertion of Section 12AC, condonation of delay for application filings, changes to timelines for order passing, and amendments to Section 13(1)(d). These changes have critical implications for charitable trusts and institutions. Stay tuned for a detailed breakdown of these amendments and their impact on your organization.
Key Points Discussed:
1) Insertion of Section 12AC for merger of charitable trusts.
2) Condonation of delay in filing applications u/s 12AB, 10(23C), and 80G.
3) Changes to the timelines for renewal of registration orders u/s 12AB and 80G.
4) Amendment to Section 13(1)(d) affecting voluntary contributions.
Finance Bill Link : drive.google.com/file/d/1ol36pKkhBSon2k9xzi8LAofUT9kmSxi9/view?usp=sharing
For more such updates, subscribe to our channel, and don't forget to turn on notifications. If you have any queries, feel free to mail us or comment below. Follow us on Twitter, Instagram, Facebook, and LinkedIn for more updates.
#Budget2024 #CharitableOrganizations #FinanceBill2024 #NGOupdates #TaxAmendments #IncomeTaxAct #NGOenabler #CharitableTrusts #TaxUpdates #NGOCompliance
GET IN TOUCH:
Our Website: ngoenabler.com/
Email Id : info@ngoenabler.com
Like our Facebook Page: NGOenabler
In this video, Ashis Agarwal from Team NGOenabler discusses the significant amendments made in the context of charitable organizations as per the Finance Bill 2024, tabled in Parliament on 23-07-2024. We delve into the insertion of Section 12AC, condonation of delay for application filings, changes to timelines for order passing, and amendments to Section 13(1)(d). These changes have critical implications for charitable trusts and institutions. Stay tuned for a detailed breakdown of these amendments and their impact on your organization.
Key Points Discussed:
1) Insertion of Section 12AC for merger of charitable trusts.
2) Condonation of delay in filing applications u/s 12AB, 10(23C), and 80G.
3) Changes to the timelines for renewal of registration orders u/s 12AB and 80G.
4) Amendment to Section 13(1)(d) affecting voluntary contributions.
Finance Bill Link : drive.google.com/file/d/1ol36pKkhBSon2k9xzi8LAofUT9kmSxi9/view?usp=sharing
For more such updates, subscribe to our channel, and don't forget to turn on notifications. If you have any queries, feel free to mail us or comment below. Follow us on Twitter, Instagram, Facebook, and LinkedIn for more updates.
#Budget2024 #CharitableOrganizations #FinanceBill2024 #NGOupdates #TaxAmendments #IncomeTaxAct #NGOenabler #CharitableTrusts #TaxUpdates #NGOCompliance
GET IN TOUCH:
Our Website: ngoenabler.com/
Email Id : info@ngoenabler.com
Like our Facebook Page: NGOenabler
มุมมอง: 914
วีดีโอ
How NGOs Benefit from Donations In Kind: Explained
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In this video, we delve into the concept of donations in kind and explore how NGOs benefit from these generous contributions. Discover the various types of in-kind donations, their impact on non-profit organizations, and real-life examples of how these donations make a difference. Whether you're an NGO looking to maximize support or a donor wanting to make a meaningful contribution, this video ...
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Taxation of Income Applied Outside India for NGOs: Section 11(1)(c) & Finance Act 2022 Explained
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Inter Charity Donations in 2024: Taxable or Not? Exploring CBDT Circular No. 03/2024
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Regards, sir
Hi, Is GST applicable on rent paid by person to college for running canteen? Here person is registered and college is unregistered.
Hii, If the threshold limit of 20 lacs exceed, yes it's applicable on college
Sir please provide the detail information of Detail's of land and building remained unutilized more than two years
If the organisation haa any land or building which is not being utilised for any activity, then we have to report it in this schedule.
Thank you So much Sir for your Information
which code to be select while filing direct in form 10 AB for existing Trust while applying 12AB registration ???
Code 4A for 12A registration and 14A for 80G
which code to be select while filing direct in form 10 AB for existing Trust while applying 12AB registration ???
very good step by step Thank You
Affidevit Should be Notarized ??
Yes
sir i had applied for provisional and final registration for new trust incorporated last year for AY 24-25, but its cancelled due to not able to reply to notice of final application and provisional is also cancelled ... now for same sub clause which is (iii), i cant apply in different AY and AY 24-25 is not enabled, activities has been started from october, 2023 ... can i apply directly for final registration for AY 25-26 by selecting sub cluase (iv) for 12A and 80g ?
Yes you can apply for direct final registration by applying through section code 4A and 14A
@@NGOenabler ok thank you sir
I m senior citizen, having individual account (non charitable account), is form 13 is applicable for me?
No! 15H can be submitted by you
Sir, I m receiving interest from Reit Trust, where the deductor not accepting form 15H. The deductor asking me to provide lower tax income certificate. I believe lower tax income certificate is form 13 isn't it?
Can I get a 80g provisional certificate again once the existing provisional certificate expires. Or once the provisional 80g is due to expire and getting the permanent (5 years) is the only option.
You can get it if the activities have not started. You need to apply 6 months before the expiry
Hello sir, if expenses are more than income for the trust do we have to claim 15% exemption under section 11 or it will be 0 ?
No!
Sir FCR number is available but it has lapsed sir should renew or apply anew, please🙏 tell me
Need to apply afresh !
Dear Sir, A section 8 company in AY 2024-25, having donation of 1.6 lacs and income from workshop 2.4 lacs. It has filed form 10BD for donation. and overall company is in loss. No surplus. However it could not file the form 10BB on time. Whether form 10BB is applicable in this case as donation is less than 2.5 lacs. Whether we can file ITR-6 on the basis of Audited book of accounts by statutory auditor. Please suggest..
If you are registered with 12AB, Form 10BB is applicable. If you are not registered yet, then you can file ITR6
Thank you for the useful information. Question - What will be the effective date in modify of the key member details?
The date of appointment ideally !
Awesome
I mentioned different dates of signing in 10bb and financial statement. Should I revise?
Not required .
Respected sir, our trust had registered under sec 12 A and 80G snd got provisional registration for 3 years till 2026-2027. When is the due date of filing form 10AB ? Is it 6 months before expiry of 3 years? Please do reply it will be more helpful. Thank you.
It is 6 months from the start of activities or 6 months before expiry , whichever is earlier
Dear Sir, I was filled ITR 7 For A.Y. 2018-2019 dated 31-08-2018. Demand Order for A.Y. 2018-2019 passes dated 30-09-2019 raised the demand of Rs. 25,96,001.00. Assessee was not agreed with demand. But due to Casuality in family I could not filled the Appeal under section 246 of income tax act 1961 within time. Therefore, I Humble request to you please accept the condonation of delay and accept the Appeal. Due to this Exemption under section 11 & 12 of income tax act 1961 was denied by the Ld. Assessing officer and passed the demand order and assessed the tax. Assessee was bonafide and later on known about demand liability.
Will revert soon
Hello sir last week one trust came up to me but has not applied for permanent registration and it's provisional registration is also expired. Can we avail benefit of section 11 for the year 2023 -24 and also audit is required to be done. Can we make application under form 10 ab today and avail the benefit?
No you will not be able to take benefit of 12AB for 23-24!
Do application of income includes purchase of fixed assets
Yes
Can form 9A be revised? If no what can be done to correct ?
Yes it can be revised. The revised one will be considered by the department
@@NGOenabler Thankyou so much for the reply! can you please guide how can it be revised 🙏🙏
Can you help in filing for AY 2024 - 25, sir.
Yes.. 9038966010
Can you please help me sir?
Please call on 9038966010
Sir in schedule A point c is not filled by you. Kyoki agr me bina source of fund to meed revenue expenses bhare age jata hu to validation ke bad error aa rha h
Or agr me pont c bhar deta hu to schedule TI me meri application of income zero ho jati h Or sari income pr tax ban jata h
Please discuss on call 9038966010
sir my query is for which assesment year we should apply for 10AB our provision registration is expiring AY 2025-26 should we apply for AY 2026-27
We need to apply for AY 2026-27
If we are filing for Charitable society for religious activities registered under Socities Act What should we select in drop down in 1st table? Fund/institution/trust
Institution
VERY WELL EXPLAINED AS USUAL
Sjr, normal 15% accumulation of current year will become part of corpus fund or not, how to show the same in balsnce sheet schedule
General fund !
sir incase if the expenditure ie the total amount applied exceeds the amount available for application, then how to prepare form 10BB in that case. for eg, if the total amount available for application is 10100000 and the application was of 13600000, then in that case how to calculate and disclose the amounts in the form. Whether there will be any changes if the entity has availed form 9A in the previous year?
Yes, the last year's Form 9A figure should be deducted from actual application of this year and reported separately under point related to source of funds. Similarly excess amount utilized also should be reported there in the row funds of earlier year
@@NGOenabler ok thank you so much sir...that means excess to be shown under 27(C) and the amount of deemed application under the deemed application of earlier year ( I forgot the point , it's of 27)
@@NGOenabler and another scenario where the entity has expended 87% of its amount allowed for application, then in that case how to disclose the amounts and to which extent the total allowable application should be disclosed in Form 10BB.
Such a valuable knowledge have been provided by you sir. 🌟
sir, the option to file Form 9A and form 10 remains as it is in case my surplus is more than 15% right?
Yes
SIR TRUST GRANTED PROVISIONAL REGISTRATION DATED 11-03-2023 BUT DOESNOT APPLY FINAL REGISTRATION TILL TODAY CAN NOW FILE 10AB FORM
It has to file Form 10AB against section code 4A and 14A
Very informative video sir. Sir, 1) statutory audit applicable to trust whose T/o is below 1,00,000 and have only got provisional certificate under sec 10A? 2) which ITR is applicable to trust who have only provisional certificate under/s 10A ? ITR 5 or ITR 7 ? Thanks in advance for
Tax audit is applicable to Trusts if the total receipts exceed Rs. 2.5 Lacs. ITR 7 is applicable
Ok thank you sir
Sir Thanks for the information provided by you. I have a querry regarding 9A as I claim RS 100000 in 9A last year for not received students fees but this your still not received the fees then how to present the same in new form 9A and should I write off this amount as bad debts in my record please guide us Thanks in advance
Bad debts are not the advisable word to be used. We can show it as amount irrecoverable and charge it off to income and expenditure account. We can carry forward the same amount by filing Form 9A again for this year
@NGOenabler Hi Sir, On June 27 2024 we registered a public trust at the sub-registrar office. Got the Darpan ID. Want to get 80G approved. Now should I file 10A or 10AB ?
You can directly opt for Form 10AB. Contact 9038966010 for any help
Sir, please make new videos on same topic… It is very useful videos
Sir,Will ITR 7 be filed for a PF trust?pl respond and help
If it's exempt from income tax , yes ITR 7 shall be filed, otherwise ITR5
Sir, Can we file both Forms 9A & 10 for the same year?
Yes
Hello sir FY 2017 - 18 me jo Amount unspent tha vo iss year me kese reflect kare please help
17-18 mein agar unspent tha, toh abhi tak tax lag jana chahiye tha ! I think it should be disclosed ad disallowed u/s 11(3)
Sir validity period Mera end AY 2024 -2025 tha 80G la 31-3-2025 hai end kya late ho chuka hu
Yes ! Already delayed ! You should have applied in this opportunity of 30-06
Validity Kaise calculate hogi Ay 2024-2025 matlab 80G ki validity 31-3-2025 hogi kya
No it was 31-03-2024
Dear sir we filed form 10bd for 10 numbers for the number 2023-24 now add another 5 number whether to be file 15 ie including old or 5 number
No you can file only the additions
Tks sir
2023😱😱😱
Hi Sir My trust has received 20 laptops from a company and we have donated that to govt. Schools for students to get knowledge from it. Please suggest the treatment of those in books and is it mandatory to show them in books, and if yes what will be their value.
Not necessary to reflect them
sir in ITR7 AFTER FILLING Json its coming like submitted by entered is not vaild what can we do pls help
It's a technical glitch of the portal
Sir, please recommend me FCRA best book
You can consider books by Sir Manoj Fogla !
How to revise form 10b to 10bb as i already filed 10b instead of 10bb? Everything is correct just the wrong form selected
Need to withdraw if possible and refile the correct the form
Sir, can I revise form 10b to 10bb now? I filed form 10b instead of 10bb as I was unaware of change in form. Plz guide
Now the date is over
@@NGOenabler what would we do? Any alternative?
Thank you for the eye opening updates