21 August 2008
in my office there are approx 20 employee. we starte a fund called staff welfare fund. we collectedd some amount from each staff, given the amount as loan to staff on need, charged some interest, and so on, by this process we gathered approx 20 lakh rupees now. The same deposited in the account, bank wants to give the interest and require the PAN, For pan requirement i need to first get some registration some where, i want to know how to make a thrift and credit society, whether it come in it, or to register as AOP, or BOI Or mutual association, i want some clarification and procedure. Thanx,
22 August 2008
what is thrift & credit society. is there is any seperate provisions under society act 1860 for thrift and credit society. what is mutual association under income tax act 1961 and its taxability
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