https://www.taxtmi.com/news?id=1168 The DTC restructures NPO taxation by defining eligibility for charitable purpose status, requiring registration and prescribed accounting and audit compliance; taxing a cash-basis surplus (gross receipts less specified outgoings) plus capital gains on financial investment assets; prohibiting investments in associate concerns; allowing limited carry-forward of surplus; treating public religious and partly religious/charitable institutions under specified conditions; retaining cash accounting; and empowering the government to notify exempt public-interest NPOs. en-us Tue, 15 Jun 2010 22:43:15 +0530 Tue, 15 Jun 2010 22:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1168 The DTC restructures NPO taxation by defining eligibility for charitable purpose status, requiring registration and prescribed accounting and audit compliance; taxing a cash-basis surplus (gross receipts less specified outgoings) plus capital gains on financial investment assets; prohibiting investments in associate concerns; allowing limited carry-forward of surplus; treating public religious and partly religious/charitable institutions under specified conditions; retaining cash accounting; and empowering the government to notify exempt public-interest NPOs. News - Tue, 15 Jun 2010 22:43:15 +0530 https://www.taxtmi.com/news?id=1168