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Formation, Management and Taxation of Charitable and Religious Trust and Institutions Under Income Tax Law (As Amended by Finance Act, 2022)

Formation, Management and Taxation of Charitable and Religious Trust and Institutions Under Income Tax Law (As Amended by Finance Act, 2022)

  • ₹1,195.00

In Stock
  • Author(s): Ram Dutt Sharma
  • Publisher: Commercial Law Publishers (India) Pvt Ltd
  • Edition: 7 Ed 2022
  • ISBN 13 9789356030503
  • Approx. Pages 758 + Contents
  • Format Paperback
  • Approx. Product Size 24 x 16 cms
  • Delivery Time Normally 7-9 working days
  • Shipping Charge Extra (see Shopping Cart)

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Description
In India, charitable and religious trusts play a vital role in enriching, our cultural heritage and in catering educational, medical, socio-economical and religious needs of people. Hence, since the introduction of the Income Tax Act, income derived from property held for charitable or religious purposes always enjoyed exemption from tax net. However, to ensure that tax privileges are not abused and are enjoyed only by deserving charitable and religious institutions, many changes have been made in provisions from time to time. Income of the Charitable and religious trusts is exempt from tax subject to some conditions. The exemptions are provided to the trust under various provisions of sections 10, 11 and 12 of the Income Tax Act, The law relating to charity has become very complex since its evolution and many controversial debatable issues have arisen. Provisions regarding charities are as much subject to instability as other provisions in the Income Tax Law by way of statutory amendments, instructions from time to time and the ever flowing precedents from the Courts and the Tribunal. Many Non-Government Organizations (NGOs) spread across the world are supplementing the efforts of the governments in promoting social welfare and economic development. Tax Administrators have also recognized the voluntary efforts of these Non-Governmental Organizations (NGOs) and provided tax incentives to those engaged in charitable activities.

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Content
Chapter 1:    Introduction
Chapter 2:    Public Institutions Exempt from Tax
Chapter 3:    Non-Governmental Organization (NGO)
Chapter 4:    Laws Governing Trusts/Institutions in India
Chapter 5:    Trust
Chapter 6:    Public Trust
Chapter 7:    Private Trust
Chapter 8:    Religious Trust
Chapter 9:    Society
Chapter 10:  Private Limited Non-profit Company
Chapter 11:  WAKF
Chapter 12:  Business Trust
Chapter 13:  Electoral Trust
Chapter 14:  Unregistered Trust
Chapter 15:  Trust Deed for Trust/Institutions
Chapter 16:  Types of registration of a Charitable & Religious Trust
Chapter 17:  Sources of Income of a Trust
Chapter 18:  Foreign Contribution
Chapter 19 : Rental Income of Trust/Institutions
Chapter 20:  Agricultural income of Trust
Chapter 21 to 100
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Author Details
Ram Dutt Sharma got his post-graduation (M.Sc.) from M.D. University, Rohtak in 1980. He joined the Income-tax Department in the year 1983 and presently working as Income Tax Officer in Faridabad. He worked at various stations of North-West Region of Income Tax Department. He has wide experience of all wings of Income Tax Department such as assessment unit, Special Range, TDS Wing, Investigation Wing, Intelligence and Criminal Investigation etc. He has been contributing articles and addressing on topics relating to Income Tax at Direct Tax, Regional Training Institute, Chandigarh. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations. He is the author of number of books on direct taxes, namely Computation of income from salary under income tax law with tax planning, Computation of income from house property, Formation and Management of Charitable mad Religious Trust, Educational and Medical Institutions under income- tax law, Taxation of Non-Resident Indians under income-tax law etc. which have been highly appreciated by the readers. 
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