As Mukul Hindi School is a designated
Charitable Organization, it is mandated by
Canada Revenue Agency, to submit a Registered
Charity Information Return for each year of
operation.
This return needs to be submitted within
6 Months of Mukul's Year end. Mukul's
Fiscal Year period is from September 1, YYYY
to August 31, YYYY+1. As a result the
Registered Charity Information Return needs to
be submitted LATEST BY FEBRUARY 28, YYYY+1.
Failure to submit this return on time has
severe penalties including the loss of
Charitable Organization Status. Should Mukul
lose its Charitable Organization Status, Mukul
is also subject to $500 non-filing penalty.
These returns are normally filed by the Mukul
Treasurer for the Operational Year. The return
may also be filed by the Chairperson or his/her
delegate, should the need arise.
Canada Revenue Agency expects the Charitable
Organization, to spend 80% of Donations, where
we have provided Tax Receipts, collected by the
organization.