A Practical Approach to TAXATION AND ACCOUNTING OF CHARITABLE TRUSTS, NGOs & NPOs

DIVISION I

Role of NGOs and NPOs

Chapter 1       Significant Role of NGOs and NPOs in India                      

DIVISION II

Transfer of Income without Transfer of Assets

Chapter 2       Applicability of Sections 60 to 63 — Transfer of Income without Transfer of Assets         

DIVISION III

Charity and Charitable Purpose

Chapter 3       Charity                                                                                   

Chapter 4       Charitable Purpose                                                                 

Chapter 5       Relief of the Poor                                                                  

Chapter 6       Education and Medical Relief                                               

Chapter 7       Advancement of any other General Public Utility                

Chapter 8       Proviso to Section 2(15) — Restriction on Trade, Business, Commerce      

DIVISION IV

Formation and Management

Chapter 9       Basics on Formation of Trust or Society or Section 8 Company       

Chapter 10     Formation of a Trust                                                              

Chapter 11     Formation of a Society                                                          

Chapter 12     Formation of Section 8 Companies                                       

DIVISION V

Registration and Procedure for Registration

Chapter 13     Conditions for Applicability of Sections 11 and 12              

Chapter 14     Registration of Trusts under section 12A                              

Chapter 15     Procedure for Registration of Trust or Institution under section 12AA       

DIVISION VI

Breach of Trust and Rectification of Trust Deed

Chapter 16     Breach of Trust                                                                      

Chapter 17     Rectification or Amendment of Trust Deed                          

DIVISION VII

Income and Application of Income

Chapter 18     Limbs of section 11                                                               

Chapter 19     Trust Property                                                                        

Chapter 20     Legal Obligation — Trust includes Legal Obligation            

Chapter 21     Income of Charitable or Religious Trusts or Institutions       

Chapter 22     Application of Income                                                           

Chapter 23     Prescribed Mode of Investment [Section 11(5)]                   

Chapter 24     Accumulation of Income                                                       

Chapter 25     Filing of Form 9A and Form 10                                            

Chapter 26     Depreciation                                                                           

Chapter 27     Consequences of Failure under section 11(1B), 11(3) and 11(3A)   

DIVISION VIII

Forfeiture of Exemptions

Chapter 28     Overview of Forfeiture of Exemption                                   

Chapter 29     Person Specified under section 13(3)                                    

Chapter 30     Forfeiture of Exemption-I                                                     

Chapter 31     Forfeiture of Exemptions-II, Failure to Invest in a Mode Specified 

Chapter 32     Forfeiture of Exemption-III, Income or Property of the Trust Applied for Specified Persons                                                                                               

Chapter 33     Deemed Restricted User [Section 13(2)(a) – 13(2)(h)]         

DIVISION IX

Voluntary Contributions (Donations)

Chapter 34     Voluntary Donations                                                             

Chapter 35     Voluntary Contributions (Donations) — Corpus Donations

Chapter 36     Voluntary Contribution — Anonymous Donation                

DIVISION X

Business held in trust

Chapter 37     Business Held under Trust — Section 11(4)                         

Chapter 38     Exemption of Business Income under section 11(4A)          

DIVISION XI

Donor’s Benefit

Chapter 39     Section 80G: Donations                                                         

Chapter 40     Donations for Eligible Projects or Schemes                           

Chapter 41     Inter-Charity Donations                                                         

Chapter 42     Identity of Donor                                                                  

DIVISION XII

Capital Gains for Charitable Trusts or Institutions

Chapter 43     Capital Gains of Charitable or Religious Trusts or Institutions         

Chapter 44     Case Studies in Computation of Capital Gains                     

DIVISION XIII

Books of Account, Method of Accounting,
Audit of Accounts of Charitable Trust,
Assessment of Charitable Trusts or Institutions

Chapter 45     Books of Account, Basis of Accounting and  Accounting Aspects 

Chapter 46     Accounting Standards Applicable to NPOs, NGOs, Charitable Trusts or Institutions         

Chapter 47     Audit of Accounts of Charitable Trusts or Institutions         

Chapter 48     Permanent Account Number                                                 

Chapter 49     Tax Deduction Account Number                                          

Chapter 50     Filing Return of Income                                                        

Chapter 51     Assessment of Charitable Trusts or Institutions                    

Chapter 52     Principle of Mutuality                                                            

Chapter 53     Assessment of AOP/BOI                                                      

DIVISION XIV

Taxation

Chapter 54     Taxation of Charitable or Religious Trusts or Institutions     

Chapter 55     Accreted Income-tax on Charitable Trust or Institution when it Ceases to Exist     

Chapter 56     Surplus is a Bar to Claim Exemption for Charitable or Religious Trust or Institution under Income Tax Act, 1961?                                                         

Chapter 57     Capitation Fees                                                                      

Chapter 58     How to Compute Income of Charitable or Religious Trusts or Institutions  

Chapter 59     Set Off and Carry Forward of Losses                                   

Chapter 60     Wealth Tax Act, 1957, Relating to Charitable Trusts or Institutions

DIVISION XV

Income Excluded

Chapter 61     Income of University or Other Educational Institutions under section 10(23C)      

Chapter 62     Income of Hospital or other Institutions under section 10(23C)       

Chapter 63     Requirements as per Provisos to Section 10(23C) — Applicable to Educational and Medical Institutions                                                                             

Chapter 64     Excluded Income and Agricultural Income                          

Chapter 65     Project Grants, Grants-in-Aid — Accounting and Disclosures         

DIVISION XVI

Corporate Governance

Chapter 66     Corporate Governance                                                           

Chapter 67     Meetings and Resolutions                                                      

DIVISION XVII

FCRA, International Activity, Liaison and Branch Office

Chapter 68     Foreign Trust and Activities in India                                     

Chapter 69     Foreign Trust and International Activity                               

Chapter 70     Liaison and Branch Office of Foreign Trust or Institution – Activities in India      

DIVISION XVIII

Important Circulars, Acts

Chapter 71     Important CBDT Circulars                                                    

Chapter 72     Prevention of Money Laundering Act, 2002 (PMLA)          

DIVISION XIX

Specimen of Deeds

Chapter 73     Specimen of Trust Deed                                                        

Chapter 74     Specimen of Memorandum and Bye-Laws of Society          

Chapter 75     Specimen of Memorandum and Articles of Association of Section 8 Company      

DIVISION XX

Service Tax and Corporate Social Responsibility

Chapter 76     Goods & Services Tax Applicability to Charitable Trusts or Institutions     

Chapter 77 Corporate Social Responsibility