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Changes impacting Charitable Institutions w.e.f 1st Apr 2022
Category: Trust / NGO, Posted on: 09/04/2022
Visitor Count:957

Changes impacting Charitable Institutions w.e.f 1st April 2022

Expenditure only on payment basis (No accrual):


Exemption for Application of funds for charitable trusts shall be on actual payment basis  instead of accrual of liability. [Section 11]

Applicability of disallowances for non-deduction of TDS, Cash payment in excess of Rs. 10,000/-

Explanation to sub-section (10) to section 13 of the Act to provide that for the purposes of determining the amount of expenditure under this sub-section, the provisions of sub-clause (ia) of clause (a) of section 40 and sub-sections (3) and (3A) of section 40A, shall, mutatis mutandis, apply as they apply in computing the income chargeable under the head "Profits and gains of business or profession".


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