Dear @IncomeTaxIndia
How has a media/news company become eligible to provide 80G exemptions for donations it collects?
How has a media/news company become eligible to provide 80G exemptions for donations it collects?
I don't think Pravda Media Foundation has put up anything online about their "charitable" activities.
Seems @IncomeTaxIndia has given them a loophole
Seems @IncomeTaxIndia has given them a loophole
As per section 8 rules for a company, employees are not allowed to draw salary for their services. However Altnews website says they are paying salaries. This is a blatant income tax violation. Seems the section 8 registration is only done to dodge income tax!
Yeh bhi fact check karle ❤️de / takle
As per my understanding of section 8 companies, all staff/directors must work on volunteer basis. This is the reason such a company would get income tax exemption. Maybe alt news has found a loophole to exploit this n cheat on income tax
https://twitter.com/vijaygajera/status/1428680441876258824?t=R49XBprdvJytuDfVkXStkQ&s=19
How could we miss out on the FCRA violation! Proof of foreign donation!
Having read more in detail about section 8 companies, I was wrong about employees not being allowed to draw salary.
Only members i.e. share holders are not allowed to draw salaries or dividends.
The questions still remain:
1) is a media company that does not do any charity be
Only members i.e. share holders are not allowed to draw salaries or dividends.
The questions still remain:
1) is a media company that does not do any charity be
allowed to register under section 8
2) are any of the share holders drawing salaries?
3) Have FCRA laws been violated in the past?
2) are any of the share holders drawing salaries?
3) Have FCRA laws been violated in the past?
Our investigation reveals!
https://twitter.com/tigerAkD/status/1495625442644082691?t=NSo27oRrhlinsb-pjoK-lA&s=19
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