Thursday, March 15, 2012

Non-profit firms face Budget blues

Non-profit firms face Budget blues: Non-profit organisations (NGOs) are jittery about the possible inclusion in the coming Union Budget of the earlier recommendations on the Direct Taxes Code pertaining to the sector.

Some hope has been generated in the sector by the report of Parliament's standing committee on finance, headed by Yashwant Sinha, which recommended dropping many of the proposals the NGOs had objected to.

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