Monthly Archives: March 2012

Reinforcing Promotion of culture & arts magnet schools

Posted on March 7, 2012 by SRRF

The Navodaya Vidyalaya Samiti, the model of Science magnet concept, now plans to have specialist schools for three more disciplines: arts and cultures, sports and vocational training. These specialized Navodaya schools will only cater to students from classes IX to … Continue reading →

Posted in Education | Comments Off on Reinforcing Promotion of culture & arts magnet schools

Query- ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?”

Posted on March 6, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under FCRA,  from Sumanta Sen Roy (Partner, Hooghly) ” Whether any written permission is required from Ministry of Home Affairs to open a bank A/C for expenses of F.C. Grant?” Best regards, Tanvi Dogra … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments

Query- Tax treatment of Capital Gain on sales of Assets in charitable Trusts/NGO

Posted on March 5, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under Income Tax,  from Mr. KPS Varadhan, HiH ”Please explain the profit on sale of Asset in NGO’s ?” Best regards, Tanvi Dogra SRRF Dialogue, Coordinator ____________________________________ Socio Research & Reform Foundation (A Non Government … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Recent Tax case decided favouring Charitable Trust

Posted on March 5, 2012 by SRRF

Printing of books held as incidental business activity thus allowed being exempt from Tax In a recent ruling in case of Bhartiya Vidyapeeth (Pune) decided by Income Tax Tribunal in Jan 2012, it was held that when a Trust is … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment