IT return filing for Trusts

Dear sir/madam,

Pl include my following queries in your group mail so we get the answers needed.
1. Is it now still valid and mandatory to get a Digital Signature for filing IT returns for a Charitable Trust?
2. If yes, who can help us get this digital signature?
3. Whether CA only has to file IT returns or Trusteed/Trust can do the same, whether online or submit hard copy offline??
4. We need someone to help us file this year’s and previous year’s IT returns for our Trust as well as auditing of accounts annually.

We are based in Thane.

Thanks and blessings,
Sincerely,

A.Othniel, President
Calvary Centre Trust,
Thane
98920 93534.
www.calvarycentre.in

Posted in FCRA, TAX, LEGAL | Comments Off on IT return filing for Trusts

Tax Implications on working as a contractor

Dear Members,

SKG Sangha is an NGO working in the fields of sustainable energy, sustainable agriculture and waste management. As party of our projects, a software company has come forward to fund one of our energy projects. Whereas the company wants to give us the funds as a contractor. Once the funding company the NGO as a contractor for implementing the development project they have to deduct TDS. What are the tax matters involved in such a case?

Regards,
Vidya Sagar Devabhaktuni
President, SKG Sangha
#532, 2nd Main Road, Gandhi Nagar,
KOLAR – 563 101
Karnataka State, INDIA

Posted in FCRA, TAX, LEGAL | 5 Comments

Foreign Interns

Dear Network members,

We are an NGO working in the fields of sustainable energy, agriculture and waste management. A boy of 16 years from Korea is showing interest to come to India for a two months internship at our organisation. The question is whether can we take minors as interns?

Regards,
Vidya Sagar Devabhaktuni
President, SKG Sangha
#532, 2nd Main Road, Gandhi Nagar,
KOLAR – 563 101
Karnataka State, INDIA

Posted in General | 6 Comments

Applicability of Service Tax on Conducting Workshops

Dear Members,

We are a section 25 company, having 80G and 12A exemptions, we have been asked by NACO to technically support and organize two workshops on given themes, and NACO had directed us to reimburse the amount with 10% organizational fee, please advise us can we charge service tax on this or we may be exempted from service tax.

Regards
Neeraj Kumar Sinha
____________________________________________________
Neeraj Kumar Sinha |Finance & Administrative Officer
H-5(Ground Floor), Green Park Extension | New Delhi, India 110016

Posted in FCRA, TAX, LEGAL | 2 Comments

Latest news on FCRA Renewal

This is to bring to all SRRF Dialogue members attention that there is finally some movement on pending FCRA renewal applications.

Today SRRF received an intimation from senior FCRA official informing us that FCRA renewal process is likely to be initiated in Nov’2015. This is good news for all those waiting for some news on FCRA renewal.

However we still are not aware of the process to be followed. There are many questions in the mind of agencies who have applied for FCRA renewal, like whether it will be an online process, if so whether fresh applications would need to be filed. What would happen to all the hard work done in preparing the past applications, etc.

While welcoming the Dept’s initiative in intimating about future plan for renewal of FCRA applications, however we do request the Dept to provide further clarity on the process too.

___________________________________
Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
e-mail: socio-research@sma.net.in

Posted in FCRA, TAX, LEGAL | 19 Comments

FCRA Renewal

Dear All

We have registered Trust under FCRA since 1999. As per rule we have already apply for FCRA Renewal on 29 Apr 2015, but till date not receive any intimation or letter from FCRA division. My question is what we do for the same? I have mailed to FCRA division but not received any reply. Please suggest where we know the application status?

Regards
Sunil K Suryavanshi

Posted in FCRA, TAX, LEGAL | 7 Comments

Service Tax on Donations

Dear Members,

I have another question on applicability of Service Tax

Some organisations create Chairs after the donors name eg. ICRIER has a chair called Infosys Chair for …..

Could you advise treatment of such donations ? Service tax ?

Best,
Wikky Katyal

Posted in FCRA, TAX, LEGAL | 1 Comment

ALLOWABILITY OF BASIC EXEMPTION LIMIT

A society is registered under the Society Registration Act 1860 but is not registered under section 12 AA of the Income Tax Act and it carries out charitable objects.

Can it not claim basic exemption limit under Income Tax Act as an AOP? Is MMR Maximum Margional Rate applicable ? Further the shares of members have not been defined and members individual income is above basic exemption limit. Please advise.
With Thanks & Regards

CA Rajeev Sharma
B.Com. F.C.A.D.I.S.A.(ICA)
Lucknow 226 016
India

Posted in FCRA, TAX, LEGAL | 7 Comments

Recent case law adjudicating on applicability of Service Tax to Non Profits

Recently, in the matter of Malabar Hill Citizens Forum Versus Commissioner – Central Excise, Mumbai, Mumbai CESTAT held that amounts collected for conducting Aerobics and Yoga classes would fall under Health & Fitness Services and accordingly would be chargeable to service tax. CESTAT has relied on the judgment given by same bench in the case of Osho International Foundation, Neo Sannyas Foundation Versus Commissioner of Central Excise, Pune, 2015 (6) TMI 441 – CESTAT MUMBAI, dt. 27th May, 2015.

In this case, Mumbai CESTAT referring the definition of Health & Fitness services has ruled out the plea of the appellant that they are a charitable institution. It has observed that an entity whether charitable or otherwise would be covered under the term ‘any establishment’ and thus, would fall under the taxable service category of Health & Fitness services.

Case Source: Central excise, Malabar Hill Citizens Form, Mumbai 2015 (9) TMI 789

___________________________________
Socio Research & Reform Foundation (NGO)
512 A, Deepshikha, 8 Rajendra Place, New Delhi – 110008
e-mail: socio-research@sma.net.in

Posted in FCRA, TAX, LEGAL | 2 Comments

Deregistration from PF

Dear all

we are a small Charitable trust registered at Jaipur in Rajasthan and having employees ranging between 18-25 depending upon the projects and availability of funds. We had PF and we were regularly complying all PF norms. Two years back we introduced our personal systems including a salary structure and also introduced gratuity. All of us know that in last year we years funding scenario has changed a lot and in this financial year 2015-16 our main funding from CSR has also shrunk significantly. Therefore the DST cost (Development Support Team cost) and OH costs also impacted as it was directly linked in percentage of programme funds. Now we discussed this issue with our staff and after discussion we arrived at consensus to maintain basic and pay only the take home as salary and stop PF deduction and submission of organisational contribution also.

All employees voluntarily gave their agreement to this decision in writing. Now we are wondering is it correct? what are the implications of it. Kindly give suggestions and advise pl.

Looking forward for your guidance
warm regards

Asif Zaidi

Posted in FCRA, TAX, LEGAL | 1 Comment