PRAVDA MEDIA FOUNDATION parent company of comrade Alt news is registered under section 8!
Why under section 8? What are the benefits of section 8?
Let’s see
Why under section 8? What are the benefits of section 8?
Let’s see
They get tax exemptions and benefits under section 8.
So they got tax exemption from income taxes, property taxes, and multi-jurisdictional or cross-border scenarios.
So they got tax exemption from income taxes, property taxes, and multi-jurisdictional or cross-border scenarios.
Section 8 Company needs to pay less stamp duty as compared to other companies.
Under the Income Tax Act, 1961, the donors of Section 8 Company may claim a 50% rebate against the donations they made. Under Section 80G, it shall be valid for a period of one to three years.
Under the Income Tax Act, 1961, the donors of Section 8 Company may claim a 50% rebate against the donations they made. Under Section 80G, it shall be valid for a period of one to three years.
If Section 8 company got registered under section 12AA (tax exemption) of the Income Tax Act, then its profits shall be entirely exempted, and no tax will be levied on the company.
Every year the Central Government issues some compliance to enable more favorable conditions to N.P.O.’s in terms of the tax exemption.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
