Forum Income-Tax Non-profit organisation

Non-profit organisation
Manjula Navale
watch_later 05/11/19

Sir, 

There is one Govt organisation.  Receiving grants and make expenditure by conducting programmes.  It is non-profit organisation and hence, the income is exempt.

Other than grant,

It receives interest on FD.   (FD kept out of grant received) . 

Application fees

Interest on SB A/c

whether these income is  taxable or not? 

Please suggest . 

 

Thanking you, 

 

1 Response | Latest response: 02/12/19 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
Suresh Paramasivam
watch_later 02/12/19
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Hello Sir,

FD Interest and others Interest received then it will applicable tax.

Thanks and Regards

Suresh Paramasivam

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