Overview of Regulatory Framework and Statutory Laws for NPOs: Part 1

Income Tax and TDS

Definition of Charitable Purpose (Sec 2(15))

Registration under Income Tax Act

New Regime (From 1.4.2021)

Section 80G – Donations

Form 10BD

Form 10BE

Income Exemptions (Sec 11)

Sec 11(1)

Deemed Application (Form 9A)

Accumulation (Form 10)

Sec 11(4) & 11(4A)

Section 11(5) – Modes of Investment

Disallowances

Cash Payments (Sec 40A(3))

Non-Deduction of TDS (Sec 40(a)(ia))

Sections 12A and 13

Sec 12A

Sec 13(1)

Sec 13(3) – Specified Persons

Sec 13(2) – Deemed Benefit to Specified Persons

Filing Process

Objectives of TDS

Important TDS Sections

Section 192 – TDS on Salary

New Tax Regime

Section 194C – Contractors

Includes:

Section 194J – Professional Services

Section 194I – Rent

Section 269ST – Cash Receipt Limit

Other IT Act Provisions

Sec 115BBC – Anonymous Donation

Sec 115TD – Exit Tax

Sec 194Q – TDS on Goods Purchase (from 1 July 2021) Sec 194R – TDS on Perquisites (from 1 July 2022)

Lower Tax Deduction Certificate (Sec 197)


Revision #1
Created 25 April 2025 04:56:46 by Pooja
Updated 25 April 2025 04:58:19 by Pooja