“Foundation” शब्द अपने आप में कुछ नहीं होता। जैसे हर व्यक्ति के नाम के साथ कुमार/ सिंह आदि लगाया जाता है इसी प्रकार से Society-Trust-Section8 कम्पनी के नाम के साथ Association/Foundation लिखने का क़ानूनी रिवाज है।
Respected sir, I want to know that if AOP is having net surplus is less than below taxable limit. So is it mandatory to file income tax return as per section 139(1) ?
The answer is very-very simple. [A] If the Gross Receipts of any AOP are more than INR 250,000/- (before claiming Exemption u/s 11 & 12); then the AOP is mandatorily required to file it’s ITR; [B] If the Gross Receipts of the AOP (before claiming Section- 11 & 12 Exemption) are LESS THAN INR 250,000/-, then it is not required to file ITR.
Respected sir , I want to know that one of my client is registered under society act . and running educational institute for pursuing vocational courses of govt. Like pmkvy etc. can he apply for exemption under section 11 / 12 of income tax act.if the object of the society is as per section 2(15). Please suggest
My Initial reply without referring to any documents is: Yes! Yes! & Yes! Best Regards, SHARK AUDITORS, Chartered Accountants, Noida Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com
नमस्ते sir, Sir मैं अपना स्कूल खोलना चाहती हूँ पर उसके लिए मैं confused हूँ कि trust बनाऊँ या section 8 compay , ज़्यादा बेहतर क्या रहेगा स्कूल के नज़रिए से ? मैं देहरादून उत्तराखंड से हूँ ,यहाँ पर इनको खोलने के लिये कितना खर्चा minimum होगा । सर , मेरे पास कोई funds नहीं है तो मैं social media के through funds raise करने का सोच रही हूँ यानी donation पर depend हूँ तो उसके मद्देनजर भी which one will be the best, trust or section 8 company ? Plz guide me sir.
After reading you message and intent; I advise you to go for setting-up a “Public Charitable Trust”. For your remaining queries, please get in touch with our Office at +91 9717 00 2510 (WhatsApp Number.) Best Regards, SHARK AUDITORS, Chartered Accountants, Noida Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com
We got the Provisional 80G Then we took donations on it. Now after 6 months final 80G registration got rejected. Can we provide Tax benefits to those who donated prior to the date of Rejection of Final 80?
The Answer is Yes! Assuming, you must have recently filed your Annual Return of Donations of Form-10BD on or before 31.05.2024; then the tax benefits in respect of donations given by your Donors to your NGO is safe. You can refer to the Explanations 2 and 2A to Section 80G of the Income Tax Act, 1961 which specifically deal with your query. For more detailed reply, you can email your Section-80G Rejection Order at OFFICE@SHARKAUDITORS.COM OR WhatsApp to +91 9717 00 2510 for our examinations. Best Regards, SHARK AUDITORS, Chartered Accountants, Noida Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com
👌👏👏👏🌹🙏
Sir what is a foundation and how it is different from society,trust and section 8 company???
“Foundation” शब्द अपने आप में कुछ नहीं होता।
जैसे हर व्यक्ति के नाम के साथ कुमार/ सिंह आदि लगाया जाता है इसी प्रकार से Society-Trust-Section8 कम्पनी के नाम के साथ Association/Foundation लिखने का क़ानूनी रिवाज है।
Good afternoon sir ji 🙏🙏 Rashtriya Mahila Jagriti foundation Mera trust h
Maine 12A.80G and Niti aayog darpan bhi registration krwa rkha h.
Ab our kon kon se registration karvane pdenge Sir Ji please tell me
Respected sir, I want to know that if AOP is having net surplus is less than below taxable limit. So is it mandatory to file income tax return as per section 139(1) ?
The answer is very-very simple.
[A] If the Gross Receipts of any AOP are more than INR 250,000/- (before claiming Exemption u/s 11 & 12); then the AOP is mandatorily required to file it’s ITR;
[B] If the Gross Receipts of the AOP (before claiming Section- 11 & 12 Exemption) are LESS THAN INR 250,000/-, then it is not required to file ITR.
@@SW-SHARK Thanku sir....
Respected sir , I want to know that one of my client is registered under society act . and running educational institute for pursuing vocational courses of govt. Like pmkvy etc. can he apply for exemption under section 11 / 12 of income tax act.if the object of the society is as per section 2(15). Please suggest
My Initial reply without referring to any documents is: Yes! Yes! & Yes!
Best Regards,
SHARK AUDITORS, Chartered Accountants, Noida
Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com
नमस्ते sir,
Sir मैं अपना स्कूल खोलना चाहती हूँ पर उसके लिए मैं confused हूँ कि trust बनाऊँ या section 8 compay , ज़्यादा बेहतर क्या रहेगा स्कूल के नज़रिए से ?
मैं देहरादून उत्तराखंड से हूँ ,यहाँ पर इनको खोलने के लिये कितना खर्चा minimum होगा ।
सर , मेरे पास कोई funds नहीं है तो मैं social media के through funds raise करने का सोच रही हूँ यानी donation पर depend हूँ तो उसके मद्देनजर भी which one will be the best, trust or section 8 company ?
Plz guide me sir.
After reading you message and intent; I advise you to go for setting-up a “Public Charitable Trust”.
For your remaining queries, please get in touch with our Office at +91 9717 00 2510 (WhatsApp Number.)
Best Regards,
SHARK AUDITORS, Chartered Accountants, Noida
Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com
@@SW-SHARK thank you sir
We got the Provisional 80G
Then we took donations on it. Now after 6 months final 80G registration got rejected. Can we provide Tax benefits to those who donated prior to the date of Rejection of Final 80?
The Answer is Yes! Assuming, you must have recently filed your Annual Return of Donations of Form-10BD on or before 31.05.2024; then the tax benefits in respect of donations given by your Donors to your NGO is safe. You can refer to the Explanations 2 and 2A to Section 80G of the Income Tax Act, 1961 which specifically deal with your query.
For more detailed reply, you can email your Section-80G Rejection Order at OFFICE@SHARKAUDITORS.COM OR WhatsApp to +91 9717 00 2510 for our examinations.
Best Regards,
SHARK AUDITORS, Chartered Accountants, Noida
Off. Tele: +91 97170-02510; 87006-04006 | E: office@sharkauditors.com