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ISHA SEKHRI
Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...- NGOs lose foreign donation nod for failing to use fundsThe Indian government is taking action against non-profits holding unused foreign funds. Registrations are being cancelled for organization...
- Decade-old income tax demands resurface on portal, leaving taxpayers scrambling for proofOld income tax demands from as early as 2005 are resurfacing on tax portals, with accumulated interest often exceeding the principal amount...
- I-T department tells charitable trusts to add 'irrevocable' clause or lose tax benefitsIndia’s Income Tax Department is pushing charitable trusts to include an ‘irrevocable’ clause in their trust deeds or risk losing key tax b...
- RBI may let real estate tap offshore loans in bid to shore up dollar flowsThe Reserve Bank of India is poised to liberalise its foreign loan regime, potentially allowing External Commercial Borrowings (ECBs) in re...
- Banks block fund remittances abroad without right codeTo control random money outflows, Indian banks are now demanding specific reasons for overseas fund transfers. They are discouraging the us...
- RBI's trust concerns stall wealth transfer plans of India’s rich familiesA 'trust deficit' exists between the regulator and rich Indian families. This stalls wealth preservation and succession strategies. The Res...
- In Swiss they trust, though the banks are not as cool as beforeIndian money in Swiss banks increased significantly in 2024. The rise is attributed to NRIs and wealthy individuals moving funds. UK's new ...
- Govt plugging gaps to block foreign 'funding' of newsFor the first time, several non-profit entities, backed by foundations and philanthropists abroad, have been asked to give sworn declaratio...
- MHA orders forensic audit of Ahmedabad NGO's books for 3 yearsThe Ministry of Home Affairs has ordered a forensic audit of Give Foundation, an Ahmedabad-based non-profit, concerning its foreign contrib...
- NGOs to face more checks along foreign funding routeNon-profits in India must comply with stricter rules when renewing or applying for FCRA licenses, including detailed activity reports, sign...
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