Non-Profit Organisation


Manjula Navale
watch_later 6 days, 13 hours ago

Sir, 

There is one Govt organisation.  Receiving grants and make expenditure by conducting programmes.  It is non-profit organisation and hence, the income is exempt.

Other than grant,

It receives interest on FD.   (FD kept out of grant received) . 

Application fees

Interest on SB A/c

whether these income is  taxable or not? 

Please suggest . 

 

Thanking you, 

 

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