Central Government tightens noose around NGOs dubiously rerouting foreign contribution for anti-national activities

Newsroom24x7 Network New Delhi: Following the enactment of the Foreign Contribution (Regulation) Amendment Act, 2020, the Union Home Ministry has steel jacketed the system to control the NGOs that were engaged in dubiously rerouting of foreign money in contravention of legal provisions. There were intelligence reports that many organisations in india were receiving foreign contributions… Read More Central Government tightens noose around NGOs dubiously rerouting foreign contribution for anti-national activities

Amendment for “Trusts” and “NGO” from FY 2020-21; Re-registration u/s 12AB mandatory for all Trusts & NGOs

Newsroom24x7 Network New Delhi: All the charitable trusts, section 8 companies, NGO’s etc need to register again with the Income Tax Authority within 3 months from 1st June 2020. All such existing charitable trusts/institutions to apply for re-registration of 12A (w.e.f. 1st June 2020). It has been proposed in the Budget that it will be… Read More Amendment for “Trusts” and “NGO” from FY 2020-21; Re-registration u/s 12AB mandatory for all Trusts & NGOs