Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 3 2015 2015 (3) This

Contribution to NGOs

13-3-2015
  • Contents

Non-Governmental Organisations (NGOs)/Voluntary Organisations (VOs) are registered as societies or charitable trusts or not-for-profit companies under Central or State laws. Financial assistance may be provided to some of these entities under various schemes/programmes/projects administered by different Ministries/Departments. These entities are required to file their statutory returns as per procedure prescribed under the relevant laws. Information regarding the number of all such registered entities or financial assistance provided to them is not centrally maintained.

 Ministry of Corporate Affairs has not issued any direction to companies regarding contribution of funds to NGOs /VOs or societies set up with the objective of social welfare.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha today.

Quick Updates:Latest Updates