Dear friends, A significant change in TDS rates that will be effective from April 1, 2025. Section 194I - TDS on Rent Payments * Previous threshold: â‚ą2,40,000 per financial year * New threshold: â‚ą6,00,000 per financial year -OR- â‚ą50,000 per month (or part thereof) Section 194J -
Hello, Introducing the PATTIC Compliance Calendar — a carefully curated resource to help you track and meet key filing dates for Income Tax, TDS, EPF, ESI, GST, Professional Tax, and other mandatory submissions. April 2025: 11th April: GSTR 1 under monthly scheme 13th April: GSTR 1 under QRMP 15th April: EPF
As NGOs, we receive funds in different forms—subscriptions, donations, and sometimes even anonymous contributions. But how are these treated under tax laws? A recent post from one of our PATTIC forum members raised some key questions. Question: What if NGOs give a voucher in consideration of subscription (a monthly
Our partnership volunteers, Suresh Ponnappa and Shruti Sundaresan from Rohini Nilekani Philanthropies have written an important article about improving finance and compliance in Indian nonprofits. Read the full article to learn more about making nonprofit finance and compliance better. Do finance and compliance in the social sector need a makeover?
