Continuing our exploration of taxation for NGOs, delving into advanced topics and practical strategies for effective tax management.
Deep dive into the Code of Taxation for NGOs, breaking down the critical aspects of managing taxes in the non-profit sector.
Hello from PATTIC, This is an important update for NGOs with normal 12AB registration and 80G approval under the Income Tax Act. As per the new registration regime, these approvals are valid for five years, up to AY 2026-27 (31st March 2026). Renewal Process & Timeline As per Section 12A(
Friends, Section 206AB Omitted Starting 1st April 2025, NGOs will no longer need to check for Specified Persons before deducting higher TDS. This section, which mandated a higher TDS rate for individuals who had not filed their Income Tax return and had TDS/TCS over ₹50,000, has been removed.
