The Income Tax Appellate Tribunal (ITAT) Ahmedabad’s May 2024 decision in the case of OM Tapovan Charitable Trust has sent a clear message to the charitable sector: even a single…
Foreign grants and contributions play a pivotal role in supporting numerous Indian non-profit entities like Charitable Trusts, Societies, and Section 8 Companies, enabling them to carry forward their philanthropic operations….
In the realm of business, a company is not always about making profits. Some companies are registered with the primary intent of promoting arts, commerce, education, sports, charity, and more….
The Foreign Contribution Regulation Act (FCRA) was enacted in 2010 as a stringent mechanism to regulate and monitor charitable organizations receiving foreign contributions. The core of this act revolves around…
In the non-governmental sector, regulatory updates can often carry critical implications for various organizations’ functioning. One such directive has been recently released by the Ministry of Home Affairs (MHA), extending…
Every individual and organization operating within the boundaries of a nation is governed by the country’s taxation policies. Within these policies, a set of ground rules establishes the clarity required…