All About Trusts and NGOs (As Amended by the Finance Act, 2024)

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Description
The famous quote "nothing changes if nothing changes" from the holy Bhagwad Gita explains importance of changes in every sphere of life. In the field of charitable and religious trusts and institutions and NGOs, starting from formation to dissolution, many drastic changes have been made in recent past years. Even if the changes are inevitable, it is of utmost importance to have updated knowledge of the amended laws as well as of recent judicial decisions. This book brings out all essential aspects of the law related to charitable and religious trusts, Societies and Section 8 Companies at one place. Some provisions of Public Trust Act may vary from State to State in India. However, efforts have been made to incorporate major provisions of most of the Public Trust Acts. Provisions related to private trusts are also included. Sample trust deeds and sample Memorandum of Association and Rules and Regulations of Society are also given for reference. This book contains sample formats of all major forms to be filed under the Trust Act and Income Tax Act by the charitable and religious trusts and NGOs as a part of procedural compliances under the relevant Act. Some notable points and frequently asked questions are given at the end of each chapter for simple and easy understanding of the concept. Provisions related to audit of Public Charitable Trusts are also discussed by including a separate chapter in the book. The book is written on the basis of provisions of Finance Act, 2023. It contains sections from the Bare Act and rules of the Income Tax, GST and Public Trust Act applicable to Trusts and NGOs as ready reference. All compliance procedures under the Income Tax Act and GST Act including registration and dissolution of Public Trust and Private trusts and institutions and societies are discussed in depth by quoting major judicial decisions relevant to respective section. A separate chapter has been included to explain provisions related to FCRA applicable to trusts.
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Contents
Chapter 1. Introduction
Chapter 2. Procedure of Formation and Registration of Charitable and Religious Trusts and NGO
Chapter 3. Provisions of Assessment of Trusts as per Income-tax Act
Chapter 4. Other Procedural Compliances as per Trust Act
Chapter 5. Procedural Compliances as per Societies Registration Act, 1860
Chapter 6. Audit of Public Charitable Trusts under the Income Tax Act
Chapter 7. Applicability of Foreign Contribution Regulation
Chapter 8. Applicability of GST to Trusts, Society and Section 8 Company
Chapter 9. Summary of some Landmark Judgments Related to Trust, Society and Section 8 Company
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Author Details
CA. Chunauti H. Dholakia