Author Archives: SRRF

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

Skipping FOBs & subways, city prefer surface crossings

Posted on February 28, 2012 by SRRF

Public Works Department (PWD) conducted a survey, which shows that a large number of people prefer crossing the road on the surface rather than walking a extra paces to use a pedestrian bridge. Though constructing bridges with escalators and erecting … Continue reading →

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Query- Other Allowance reg.

Posted on February 27, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under Other Allowance reg. from, Mr. D. Sagayadoss ”Our Organisation revised our new pay scale from 01-01-2012 with the following allowances: 1. Dearnes allowance 2. House rent allowance 3. Other … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

Soon, pedestrian subways at 7 more Metro stations

Posted on February 27, 2012 by SRRF

Delhi Metro has decided to construct pedestrian subways in seven of the Metro stations on the 27km long Jankapuri West –Kalindi Kunj corridor. The corridor will be constructed as part of Delhi Metro Rail Corporation’s phase-3 in the next four … Continue reading →

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Query- Regarding Claim under 80 E of Income Tax Act 1961

Posted on February 25, 2012 by SRRF

Dear SRRF Dialogue members, We have received one more query under Income Tax Act 1961 from, Mr. K.P.S Varadhan, HiH ”Kindly clarify whether Self Education expenses can be allow under section 80E of Income Tax Act 1961, when there is … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Query- Differentiate between FC3 and FC6?

Posted on February 25, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under FCRA from, Mr. Thiyagarajan D, Hand in Hand India Trust ”What is the difference between FORM FC- 6 and FORM FC-3?’’. Thanks and regards, Tanvi Dogra SRRF Dialogue, Coordinator … Continue reading →

Posted in FCRA, TAX, LEGAL | 5 Comments

CBSE to include chapter on Road Safety

Posted on February 24, 2012 by SRRF

The Ministry of Road Transport & Highways has planned to include a chapter on road safety in the Central Board of Secondary Education (CBSE) social science syllabus from class 6 to 10. The chapter aims to teach students how to … Continue reading →

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Claiming of deduction U/s 80CCF

Posted on February 22, 2012 by SRRF

Dear SRRF Dialogue members, We have received a query under Income Tax from, Mr. K.P.S Varadhan,Hand in Hand India ”What type of Funds is covered or eligible under the Section 80CCF?” Looking forward to your response. Thanks and regards, Tanvi Dogra SRRF … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

Does FCRA Act allow to any sale of Asset?

Posted on February 22, 2012 by SRRF

Dear SRRF Dialogue members, We have received a new query under FCRA from, Mr. Thiyagarajan D ”Does FCRA Act allow to any sale of Asset? Kindly give me crystal Clear explanation”. Looking forward to your response. Thanks and regards, Tanvi Dogra SRRF … Continue reading →

Posted in FCRA, TAX, LEGAL | 6 Comments