Author Archives: SRRF

Query- Service Tax

Posted on April 26, 2012 by SRRF

  Dear SRRF members, We have received a new query under Service Tax, from Sachchida Kindly let us know:- 1. Manufacturing of lather garments excisable & rate of excise. 2. Applicability of service tax if manufacturing on jabwork basis. Looking forward to your … Continue reading →

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Purchasing Power Parity- An Indian Summary

Posted on April 21, 2012 by SRRF

India has become the third largest economy in the world in purchasing power parity, overtaking Japan. With this distinction, India joins United States and China. The purchase of power parity shows how much amount is required when it comes to … Continue reading →

Posted in Governance Reforms | Comments Off on Purchasing Power Parity- An Indian Summary

Query-Service Tax

Posted on April 20, 2012 by SRRF

Dear SRRF members, We have received a new query under Service Tax, from B V Soma Sastry ” I am attaching a circular issued by the GoI on 17.03.2012 with regards to Service Tax wherein organizations registered under section 12aa of the IT … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- TDS

Posted on April 20, 2012 by SRRF

Dear SRRF members, We have received a new query under TDS, from Collen Margaret ” I am working for a Reg. Society where our main source of income is Rentals for which I have obtained TDS exemption certificate from IT department. Apart … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Query-FCRA

Posted on April 19, 2012 by SRRF

Dear SRRF members, We have received a new query under FCRA, from B V Soma Sastry ” I have two questions: Can grants be given from utilization FC account? Do we have to send the bank statements of the utilization accounts along with … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Query- CSR

Posted on April 10, 2012 by SRRF

  Dear SRRF members, We have received a new query under CSR, from Uday Shankar As a lay person trying to dabble with accountability issues which should be the concern of one and all engaged in development action, I seek … Continue reading →

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Query- Income Tax-Sec 12A

Posted on April 10, 2012 by SRRF

Dear SRRF members, We have received a new query under Income Tax from Ms. Leela Tirthani “The NGO should however be registered u/s 12A.” this mean if a NGO does not have 12A registration TDS will be deducted on the Grant-aid received ?” … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Query- Income Tax- Sec 12A

Posted on April 3, 2012 by SRRF

Dear SRRF members, We have received a new query under Income Tax from Mr. Vidya sagar Devabhaktuni’ President- SKG Sangha ”Being a society registered under section 12A of the Income Tax Act, is the society allowed to keep its funds in a bank … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

Friendly measures to keep Railways clean

Posted on March 31, 2012 by SRRF

The Open Discharge toilets are costing the India Railways a staggering Rs 350 crore a year because of corrosion of tracks by night soil. The idea of green toilets has often been discussed in the past, but has not made … Continue reading →

Posted in Social Issues | Comments Off on Friendly measures to keep Railways clean

Query- Service Tax

Posted on March 31, 2012 by SRRF

Dear SRRF members, We have received a new query under Service Tax from Human Development Society ”Are NGOs registered under Societies Registration Act’ 1860 required to charge service Tax?’’ Looking forward to your response. With warm regards, Tanvi ____________________________________ Socio Research & … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments