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Get And Sign Unified Registration Statement For Hawaii Form 2010-2021

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in the case of any nonprofit organization in the case of any charitable organization there is zero tax implication but provided you follow certain simple norms that the income tax department has laid down for you you may tell me but I have got a lot of income so how much say 1 crore 10 crores 100 crores no cap on this you may be having hundred crores as your income if you follow the simple norms laid down under income tax you don't pay any tax at all so let's look at this first slide which is very very important there is no tax for charitable institutions provided first you need to get registration under 12 AAA of the Income Tax Act it's a one-time registration so what happens is first at the state level you either register yourself as a trust or a society if you are in Maharashtra will be registered both as a society as well as a trust or as a company under Section 25 you can say now the car is ready but how do you make the car run you need fuel the fuel is money money equals income i


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