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Authors
Affiliations
1 KBDAV College, Nirakarpur, Khurda, Orissa, IN
2 Dept. of Business Administration , Berhampur University ,Berhampur , Orissa, IN
Source
Asian Journal of Management, Vol 2, No 3 (2011), Pagination: 141-146
Abstract
Through the years, Institutions and Trusts have received special privileges by the Indian Government in the form of deductions and exemptions. However with the advent of the Direct Tax Code, the Government seeks to decrease its leniency towards these Non-Profit Organisations (NPOs). The first proposal under the Direct tax Code has been examined and revised to accommodate some of the concerns arising under them. It is necessary to understand that NPO's play a significant role in the aiding the society. Therefore it creates an even higher burden on the Government to implement changes which would create incentives for NPO's. Pursuant to the above observations it is necessary to determine which provisions would benefit the NPO’s and to what extent they would provide a better structure over the existing Act. In this articles the authors has discussed various issues, challenges, suggestions and recommendations required for nonprofit organizations.
Keywords
NPOs, Direct Tax Code, Charity, NGOs.
