Formation, Management & Taxation of Charitable & Religious Trusts & Institutions

Description Get the 10th Edition (2025) of Formation, Management & Taxation of Charitable & Religious Trusts & Institutions by Ram Dutt Sharma, a comprehensive 1320-page guide on laws, compliance, and tax aspects for trusts. ISBN: 9789356039650. Published by Commercial Law Publishers, Flat 25% Discount Free Shipping for a limited period! Chapter Content Page 1 Introduction 1 2 Public Institutions Exempt from Tax 12 3 Non-Governmental Organisation (NGO) 28 4 Laws Governing Trusts/Institutions in India 37 5 Trust 42 6 Trust Created by Book Entries. 57 7 Public Trust 61 8 Private Trust 74 9 Family Trusts 120 10 Religious Trust 124 11 Society 148 12 Private Limited Non-Profit Company 155 13 Wakf (Charitable Trust) 168 14 Business Trust [Section 2(13A)] 180 15 Electoral Trust [Section 2(22AAA) & Section 13-B] 189 16 Unregistered Trust 205 17 Trust Deed for Trust/Institutions 220 18 Types of Registration of a Charitable & Religious Trust 247 19 Status of Charitable Trust or Institutions 250 20 Source of Income of a Trust 252 21 Foreign Contribution 257 22 Rental Income of Trusts/Institutions 288 23 Agricultural Income of Trust 297 24 Charitable Purpose [Section 2(15)] 301 25 Charitable Objects – ‘Relief of the Poor 315 26 Charitable Objects – ‘Education 324 27 Charitable Objects – ‘Yoga. 349 28 Charitable Objects – ‘Medical Relief’ 354 29 Charitable Objects – ‘Prevention of the Environment (Including Watersheds, Forests and Wildlife) 359 30 Charitable Objects – ‘Preservation of Monuments or Places or Objects of Artistic or Historic Interest 366 31 Charitable Objects – ‘Advancement of any Other Object of General Public Utility 368 32 Income Includes Voluntary Contributions Received by a Trust 400 33 Educational and Medical Institutions 404 34 Universities or Other Educational Institutions. 408 35 Hospitals or Other Medical Institutions 423 36 Exemption of Income of any University or Other Educational Institution Substantially Financed by Government 435 37 Exemption of Income of any Hospital or Other Institution Wholly or Substantially Financed by Government 441 38 Exemption for the Income Received by any University or Other Educational Institution if the Aggregate Annual Receipts do not Exceed Five Crore Rupees 445 39 Exemption for the Income Received by any Hospital or Hospitals or Institution or Institutions if Annual Receipts do not Exceed Five Crore Rupees 450 40 Approved Fund or Institution Established for Charitable Purposes 455 41 Approved Trust (Including Legal Obligation) or Institution only for Public Religious Purposes or Wholly for Public Religious and Charitable Purposes 462 42 Any University or Other Educational Institution Approved by the Principal Commissioner or Commissioner 468 43 Exemption for the Income Received by any Hospital or Other Institution do not Exceed Five Crore Rupees……….. 491 44 Provisos to Clause (23C) of Section 10 494 45 Essential Conditions for Claiming Exemptions under Section 11 541 46 Trust Eligible for Exemption under Section 11 546 47 Income from Property held under Trust for Charitable and Religious Purposes [Section 11(1)] 561 48 Trust Created wholly for Charitable or Religious Purposes and Applying (or Accumulating) their Income to Such Purposes, in India [Section 11(1)(a)] 581 49 Income from Property held under Trust which is Applied in Part Only for Charitable or Religious Purposes [Section 11(1)(b)] 593 50 Income from Property held under Trust which is Applied for Charitable Purposes Outside India [Section 11(1)(c)] 596 51 Voluntary Contribution Forming Part of Corpus [Section 11(1)(d)] 602 52 Where the Income Applied to Charitable causes falls short of 85% of the Income Derived [Explanation 1 to Section 11(1)] 627 53 Donation towards Corpus not Allowed as Application of Income [Explanation 2 to Section 11(1)] 630 54 Disallowance due to TDS Violation & Cash Payments [Explanation 3 to Section 11(1)] 631 55 Trust may at its option Treat such Corpus Donation as Forming part of the Corpus Donation Subject to the Conditions [Explanation 3A to Section 11(1)] 632 56 For the Purposes of Explanation 3A, where any Trust or Institution has Treated any Sum Received by it as Forming part of the Corpus and subsequently any of the Conditions specified in clause (a), (b), (c) or clause (d) thereof are Violated, such Sum shall be deemed to be the Income of such Trust or Institution [Explanation 3B to Section 11(1)] 634 57 For the Purpose of Determining the Amount of Application of Income under Clause (a) or Clause (b) to Section 11(1) [Explanation 4 to Section 11(1)] 635 58 No Carry Forward is Allowed [Explanation 5 to Section 11(1)] 644 59 Capital Gains Deemed to be Applied for Charitable/Religious Purposes [Section 11(1A)] 645 60 Consequences if the Income is not Actually Applied within the Prescribed Period after Exercising the Option [Section 11(1B)] 661 61 Accumulation of Income in Excess of 15% of the Income Earned [Section 11(2)] 663 62 Understanding of Form No. 9A and Form No. 10 681 63 Withdrawal of Exemption Granted to Income Accumulated under Section 11(2) [Section 11(3)] 701 64 Circumstances where the Accumulated Income in Excess of 15% can be Utilised for a Purpose other than that for which it was Accumulated [Section 11(3A)] 708 65 Income from a Business Carried on by the Trust [Section 11(4)] 711 66 Profits and Gains from Incidental Business [Section 11(4A)] 722 67 Modes of Investment or Deposits by a Charitable or Religious Trust or Institution [Section 11(5)] 745 68 For the Purpose of Accumulation or Setting Apart of Income for Application, Depreciation on Assets, the Acquisition of which has been Claimed as Application shall not be Allowed [Section 11(6)] 760 69 Assessee can either Obtain Registration under Section 12AB or Obtain Approval under Section 10(23C), but he cannot Adopt both [Section 11(7)] 763 70 Voluntary Contributions (Donation) not Forming Part of Corpus of the Trust or Institution Treated as Income [Section 12(1)] 771 71 Value of Medical/Educational Services Provided to Specified Persons by Trust Running Hospitals and Educational Institution – Exemption under Section 11 shall not be Available for Services Provided to Specified Persons [Section 12(2)] 777 72 Amount of Donation Received by the trust or Institution which has been Utilised for Purposes other than Providing Relief to the Victims of Earthquake in Gujarat or which Remains unutilised and not Transferred to the Prime Minister’s National Relief Fund shall be Deemed to be the Income Charged to Tax [Section 12(3)] 779 73 Conditions for Applicability of Sections 11 and 12 [Section 12A(1)] 780 74 No Benefit of Exemption for Past Years [Section 12A(2)] 792 75 Section 12AA – Procedure for Registration [As applicable up to 31.03.2021] 795 76 Cancellation of Registration of the Trust or Institution [Section 12AA(3) & 12AA(4)] [As applicable up to 31.03.2021] 844 77 Procedure for fresh Registration of a Trust/Institution [Section 12AB : Applicable from 01.04.2021] 859 78 Cancellation of Registration or Provisional Registration of a Trust or an Institution under Certain Circumstances [Section 12AB(4) & Section 12AB(5)] 893 79 Merger of Charitable Trusts or Institutions under First Regime with Second Regime [Section 12AC]. 909 80 Forfeiture of Exemption to Trust and Institutions [Section 13(1)] 911 81 Income for the Benefit of a Person Specified in Section 13(3) [Section 13(2)] 938 82 Meaning of Specified Persons (as Referred to in Clause (c) of Sub-section (1) and Sub-section (2) of Section 13) [Section 13(3)] 947 83 Exemption shall not be Denied if the Investment of the Trust or Institution, in a Concern, in which the Specified Person has a Substantial Interest [Section 13(4)] 954 84 Exemption under Sections 11 and 12 shall not be denied if Debentures purchased after 28.02.1983 but before 25.07.1991 do not continue to remain invested beyond 31.03.1992 [Section 13(5)] 956 85 Charitable Trusts do not Lose Exemption if Educational or Medical Facilities Provided to Specified Persons [Section 13(6)] 957 86 Anonymous Donation Specified in Section 115BBC not Exempt [Section 13(7)] 958 87 When Commercial Receipts Exceed the Specified Threshold [Section 13(8)] 959 88 In Case Return is not Filed by Prescribed Date then Benefit of Accumulation under Section 11(2) will not be Available [Section 13(9)] 960 89 Allowing Certain Expenditure Incurred for its Objects, Subject to Certain Conditions in Case of Denial of Exemption [Section 13(10)] 961 90 No Deduction in Respect of any Expenditure or Allowance or Set-Off of any Loss shall be Allowed to the Assessee under any Other Provision [Section 13(11)] 966 91 Procedure for Registration for Exemption Certificate under Section 80G. 967 92 Requirement to File Statement of Donation and Issuance of Certificate to Donor [Rule 18AB & Forms 10BD & 10BE] 1017 93 Anonymous Donations to be Taxed in Certain Cases [Section 115BBC] 1020 94 Specified Income of Certain Institutions [Section 115BBI] 1039 95 Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions [Sections 115TD, 115TE and 115TF] 1041 96 Furnishing of Return of Income by Trust/Institution 1061 97 Application of Income 1074 98 Not Allowed as Application of Income 1108 99 Inter-Charity Donations (One Charitable Trust to Another) 1111 100 Tax Deducted at Source (TDS) Obligations of Trust/Institutions 1126 101 Penalties in Trust/Institution Cases 1136 102 Maintenance of Books of Accounts by the Trust or Institutions 1146 103 Audit of Accounts of Trusts/Institutions & Audit Report 1158 104 Audit Report : Form 10B and Form 10BB for Charitable Trusts/Institutions [Tenth proviso to clause (23C) of section 10 & Section 12A(1)(b)] 1167 105 Extinguishment/Revocation of Trust 1196 106 Liability in Special Cases 1199 107 Trusts/Institutions : Rate of Tax 1203 108 Computation of Income of Trust/Institution 1223 109 Income Tax Assessment of Charitable or Religious Trust or Institution 1227 110 Limitation/Compliance Period in Respect of Various Procedures, Applications, etc., for Trust or Institution 1236 111 Meaning of Important Terms 1249 112 Important Forms 1259