-The Hindu Business Line No special treatment for political parties, clarifies Jaitley New Delhi: Political parties registered with the election commission may not necessarily escape scrutiny of their returns with regard to deposits of old demonetised notes just because they are exempted from taxation under Section 13 A of income tax law. For political parties to gain exemption under Section 13 A, certain conditions have to be met. Also, there are "enough provisions" in...
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Too many NGOs or too little classification -Moyna Manku
-Livemint.com India has about 31 lakh registered NGOs and less than 10% have complied with filing of annual returns according to the CBI New Delhi: Finally, we have a number. The Central Bureau of Investigation (CBI) has said that there are close to 3.1 million non-governmental organisations (NGOs) across 26 states in India. The data was part of the affidavit presented before the Supreme Court on 31 July as part of...
More »Govt's indiscriminate crackdown on NGOs will affect the 'marginalised' -Samar Halarnkar
-Hindustan Times They are called cafeteria sessions. At lunch time, Greenpeace fund-raisers wander among hundreds, sometimes thousands, of young men and women packing the cafeterias of Indian companies. It’s not a good idea to name these companies. Greenpeace’s activities include forest preservation, renewable-energy promotion and fighting on behalf of local communities. These appear to be popular causes among young professionals. Donations of Rs 300 to Rs 500 constitute about 80% of...
More »Bring NGOs under single, independent regulator: ICAI to govt -Mahua Venkatesh
-Hindustan Times With a number of non-governmental organisations (NGOs) coming under income tax scanner for not filing returns, the Institute of Chartered Accountants of India (ICAI) has told the government to bring them under a single and independent regulatory body. The apex body, in a recent note to the government, has said that the setting up of the central regulatory body would make it easier for it to keep a watch on...
More »EC for probe into Lok Sabha poll funding -Pradeep Thakur
-The Times of India NEW DELHI: The Election Commission is in the process of sending donation details of all political parties to the Central Board of Direct Taxes for a probe by the Income Tax authorities to ascertain whether entities making contributions were genuine. But what has rattled the poll watchdog is the huge expenditure made by some of the leading parties during the Lok Sabha elections in March-May last year, disproportionate...
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