byV P Marwah
January 12, 2017
Supreme Court of India deserves to be complimented for directing all NGO'S to file a statement of account wibefore the designated authority. Although majority of NGO'S are doing a very noble job for the betterment & service of the society in their own way but since they are taking money from government, Public & CSR funds they must be held accountable for the receipts & expenditure.It has been revealed that there are about 37lakh NGO'S registered in the country & are close to availing approximately 9000 crore rupees from central & state government apart from other sources of money even foreign donations also.Due to huge involvement of public money & also some NGO'S iindulging in nefarious activities which are detrimental to national interest as well as the society at large,that they must be held accountable.
It has also come to light that some of the NGO'S act as conduit for black money conversion & also it should be mandatory for them to collect & pay all amounts above Rs2000/ by digital mode through net banking,Cheque,NEFT etc.This will ensure transparency in their working after all they are exempted from paying income tax so why not comply with a simple statutory requirement.
I am also sure that cashless mode of payments will also be followed by political parties,religious,charitable, educational trusts as well as some nursing home hospitals running as research centres so that loopholes in the economy are plugged.Let us take a step forward for a cleaner India
It has also come to light that some of the NGO'S act as conduit for black money conversion & also it should be mandatory for them to collect & pay all amounts above Rs2000/ by digital mode through net banking,Cheque,NEFT etc.This will ensure transparency in their working after all they are exempted from paying income tax so why not comply with a simple statutory requirement.
I am also sure that cashless mode of payments will also be followed by political parties,religious,charitable, educational trusts as well as some nursing home hospitals running as research centres so that loopholes in the economy are plugged.Let us take a step forward for a cleaner India
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