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An NGO can be started under three Acts: Public Trust Act of all states, the Indian Societies Act and Companies Act. In India, a Trust, Society, Sangathan, Sangh, Non-profit company all fall under an umbrella term NGO. Income tax exemption is available for all non-profit NGOs.

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GST is the most significant tax reform in India, tremendously improving ease of doing business and increasing the taxpayer base in India by bringing in millions of small businesses in India. By abolishing and subsuming multiple taxes into a single system, tax complexities would be reduced while the tax base is increased substantially. Under the new GST regime, all entities involved in buying or selling goods or providing services, or both are required to Register for GST.

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Insurance broker registration is the permit issued by the Insurance Regulatory and Development Authority (IRDA). In 2018, the IRDA issued the updated version of the IRDA (Insurance Broker) Regulations according to which Insurance Broker Registration could be done in the following ways:

Direct Insurance Broker License – the capital requirement of Rs. 75 Lakhs;
Composite Insurance Broker License – the capital requirement of Rs. 5 crores;
Reinsurance broker License – the capital requirement of Rs. 4 crores.

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