SRRF/SMAMWORKSHOP ON

TAXATION & FCRA FOR NGOs

(20th November 2013)

SESSION I

 Theme

Topics  

Presenter   

Presentation

SERVICE TAX

Introduction & Applicability for NGOs

  • Introduction

  • Applicability to NGOs (both as consumer and as assessee)

  • Position pre & post July 2012

  • When should an NGO register for Service Tax

  • Reverse Charge Mechanism

  • Introduction to Important circulars

Presentation by

CA Atul Gupta

Member, Central Council Member, Institute of Chartered Accountants of India

SERVICE TAX

Procedural aspects

&

Individual Problems

  • Obtaining Service Tax No.

  • Depositing of Tax

  • Filing of Return

  • Invoice Format

  • Cenvat credit Claim

  • Individual Q & A

Presentation by

CA Atul Gupta

Member, Central Council Member, Institute of Chartered Accountants of India

SESSION II

INCOME TAX

S. 35 AC and other similar provisions for 100% tax exemption

  • Benefits of S. 35AC exemption in context of CSR

  • Process of applying for S.35AC exemption

  • Brief introduction to exemptions under S. 35 (1)(ii) for 175% deduction and S. 35 (1)(iii) for 125% deduction

Presentation by

Deepak Bansal, FCA

 

SESSION III

FCRA

Latest Developments on FCRA

&

Individual problems

  • Penalties on late filing of FCRA annual Return

  • Discuss FC6 form

  • FCRA permission for S.25 companies with foreign control

Presentation by

Subhash Mittal, FCA