Type of connection for registered society
Hello sir/ madam,
I am a landlord and my tenant is an NGO which is doing social work for village welfare. It is a society registered under section 21 of Societies Registration Act. I am confused on whether the connection type for the NGO would be LMV 2 or LMV 4. Any help would be greatly appreciated.
Prateek Kumar Singh
I do not have much knowledge about society registration act 21. I have googled and found that it could be a charitable society and obviously a non profitable organisation. So, In my opinion, LMV4 sounds good for it as LMV4 is also defined as
Religious and charitable trusts & Institutions having a valid registration under Section 12 AA & 30G issued by the Income Tax department including hospitals, colleges and those providing services free of cost or at the charges / structure of charges not exceeding those in similar Government operated institution
Thank you for the reply Nishant ji.
Prateek · 19-Dec-19 · 08:12 PM
Member · 2