Expenses paid during the year to be treated as Application

As many of you would know that from current FY (FY22-23 ~AY 23-24) NPOs will be allowed application under S.11 on payment basis, i.e., any payment not made, and accounted as liability will not be allowed as application.

Therefore it is to remind everyone associated with an NPO, please ensure that you make the payment before 31^st March for any expenditure that you want to be considered for Application for current year. This will be doubly important in those cases, where the NPO has undertaken accumulation, which has to be applied within this Financial Year being the last year of accumulation. Please ensure you have made a payment for the same before 31^st March.

—
Socio Research & Reform Foundation (NPO)                       
512 A, Deepshikha, 8 Rajendra Place,
New Delhi – 110008.