Non-profits will now have to undergo the process of registration every five years under changes proposed in the Finance Bill 2020. If they fail, for some reason, to register, they stand to lose tax exemptions that they have been so far entitled to.
Representatives of 100 non-profits met on February 13 at the Indian Social Institute in Delhi to discuss the implications of such changes in the Finance Bill 2020 and to Sections 12A, 12AA, 10(23C) and 80G of the Income Tax (IT) Act.
They were deeply upset. “The intent is clearly to stifle dissent and. . .
