ICAI invites questions/ queries for Publication on FAQs relating to NPO Sector
ICAI has invited specific questions/ queries from Members for consideration in the upcoming publication relating to FAQs on provisions of Income Tax Act, 1961, GST, Foreign Contribution (Regulation) Act, 2010, Accounting and Auditing applicable to ‘Not For Profit Organisations (NPOs)’, latest by 16 Dec. 2018.
The Committee for Co-operatives and NPO Sectors of the Institute of Chartered Accountants of India (ICAI) is planning to bring out a publication on Frequently Asked Questions for NPOs covering provisions of Income Tax Act, 1961, GST, Foreign Contribution (Regulation) Act, 2010, Accounting and Auditing relating to NPOs for the benefit of members and other stakeholders. For this purpose, the members are requested to give specific questions/queries, if any, which may be considered for the publication. The members may please fill the form available at the following link:
The form contains 5 different sections relating to:
i) Income Tax Act, 1961
iii) Foreign Contribution (Regulation) Act, 2010
Members are requested to submit their questions/ queries in the relevant section/s in the form as mentioned above by 16th December, 2018.