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Direct Tax Code Impact on NPOs by mahamayavi is a document available to read on EtoBox.

What is Direct Tax Code Impact on NPOs about?

The document summarizes key provisions around direct taxation of non-profit organizations (NPOs) under the proposed Direct Tax Code in India. Some key points include: - NPOs will be required to apply 100% of their annual income towards charitable purposes and can only accumulate 15% of income to be spent in the next 3 years. Currently NPOs can accumulate 15% indefinitely. - The proposed code does not allow NPOs to claim depreciation as an expenditure, which is important for protecting the value of capita

Author

mahamayavi

Language

EN