Pawan Kumar, Commissioner of Income Tax (Exemptions) for Tamil Nadu and Puducherrry, in his address at the workshop. Mr. Pawan Kumar advised Not-for-Profit organisations to evolve systems of monitoring and control for internal purposes to ensure smooth compliance. 80 G of the Income Tax Act, 1961 provide for a double benefit for exempted NPOs, which could be availed. Earlier R. Sethuraman, Vice-Chancellor, Sastra University, welcomed the gathering and appreciated the efforts of the Commissionerate of Income Tax (Exemptions) for its transparency and proactive steps in dealing with trust exemptions. S. Vaidhyasubramaniam, Dean, Planning and Development, Sastra University, spoke.

Source: The Hindu October 24, 2016 00:00 UTC