How to stay compliant with Indian ngo laws and mandatory annual filings
Following the standards of the Income Tax Act and the Foreign Contribution Regulation Act is important for every Indian ngo to stay compliant. Non governmental organizations should always keep proper financial checks and hold annual audits. The Income Tax Department requires you to manually submit Form 10b for the audit report and the annual return. Moreover, when they keep their registration renewed and report as required, charities prove themselves trustworthy to their backers and others involved.