Ineligible Input Tax Credit (ITC) and Reverse Charge Mechanism (RCM) - Practical Understanding & Compliance
Why a Non-Profit Organisation does not distribute its Surplus to its members???
If the non-profit organization is constituted as a company under sec 25 of the Companies Act, then it is prohibited from paying dividends i.e. distributing its surplus, to its members (since the license is granted only on this condition).
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