Daily Archives: October 7, 2016

Tax Treatment of Funds Accumulated

Posted on October 7, 2016 by SRRF

Our NGO has saved non-specific donations in FDs for a ‘rainy day’. Some have exceeded 5 years and we are now told that we have to pay 45% in taxes for under-utilization of funds and if we delay the process … Continue reading →

Posted in FCRA, TAX, LEGAL | 9 Comments