Dear Sir,
We are organizing a workshop on solid tumor (a type of cancer) in which we are expecting the participants from all over India. We will charge registration fee only. We will do all expenses like providing accommodation, to and fro train fare, local conveyance, material etc. There are chances of finding the sponsors also.
My question is being in NGO can we take this participation fee ? what kind of receipt we should issue, 80 G receipt ? will it count as misc income ? if this workshop is sponsored and getting funds from sponsors than will it be treated fund raising event ? will there be any tax problem ? may have impact on our 12a exemption status ? pls suggest how
should we deal with it.
ARVIND KUMAR
Dear Arvind,
Sorry for delayed response. Somehow I was under impression that I have responded to your query. I think in your case, you should examine how much is Trust’s income from workshop in comparison to overall income, if this is only a marginal amount, then generally Income Tax office would not raise objections, however if this becomes major source of income than it is a problem.
Hope it clarifies.
1. Nothing stops you from taking participation fee.
2. We believe that you have only one form of receipt that will have all details. Why like Marwadi duel receipts?
3. You can and should issue the receipt that has all details.
4. If you get sponsors, fine. It is an event.
5. Why 12A implication you fear?
6. A TRUTHFUL narration will have no problem.
Regards,
V.B.Chandrasekaran.