Summary:
By Express News ServiceCHENNAI: About 5,000 NGOs were granted tax exemption for charitable activities in the State in the last five to seven years. Nearly 400 applications are received from NGOs every month seeking tax exemption, said G M Doss (in pic), Commissioner of Income-Tax (Exemptions), Tamil Nadu and Puducherry. Recently, yoga, preservation of environment and monuments were added to tax exemption categories. For tax exemption, 85 per cent of yearly income of NGOs must be spent for charitable purposes,’’ he said. T Manimaran, Assistant Commissioner of I-T (Exemptions), Chennai, said if tax exemption laws are understood by people thoroughly, it will minimise the bureaucratic procedures involved..