RECENT AMENDMENT TO FOREIGN CONTRIBUTION REGULATION ACT
FCRA contribution has be to received ONLY through SBI NDMB (New Delhi Main Branch) FCRA account with other nationalized bank branches can still be operative for making payments. Transfer credits in NDMB to other nationalized bank branches. Local Contribution and … Continued
VIOLATION OF CONDITION OF SECTION 3(4) OF TNVAT ACT 2006 As per Section 3(4) of the TNVAT Act 2006, a registered dealer eligible to pay tax at composition rate not exceeding one percent on the second and subsequent sales of … Continued
80G AND CSR
Contribution to PM Care Fund eligible as CSR Activity as well as eligible for deduction under Section 80G of the Income Tax Act, subject to satisfying other conditions.