NISM 23 - Social Impact Assessors Certification Exam Notes

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  • Section 12AB Registration: NPOs require Section 12AB registration for income tax exemptions.
  • Exemptions for NPOs: Section 11 exempts income from property held by NPOs for charitable purposes.
  • Business Income: NPO business income is exempt only if incidental to charitable objectives.
  • Capital Gains: NPO capital gains are exempt if reinvested in other capital assets.
  • Dissolution Requirements: NPOs must transfer assets to another registered NPO upon dissolution.

NISM 23 - Social Impact Assessors

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