Chunauti H Dholakia All About Trusts & NGOs under the Income-tax Act 2025 All About Trusts & NGOs under the Income-tax Act 2025

Contents

Main Contents Include

1. Introduction to Trusts & NGOs
   • Meaning and concept of charitable and religious institutions
   • Types of trusts and NGOs
   • Legal framework governing non-profit organizations
2. Creation & Formation of Trusts
   • Trust deed drafting
   • Registration of trusts and societies
   • Documents and procedural requirements
   • Objects and charitable purposes
3. Income-tax Framework for Trusts & NGOs
   • Taxation scheme applicable to charitable entities
   • Overview of exemption provisions
   • Conditions for claiming exemptions
4. Registration under Income-tax Act
   • Registration under Sections 12A & 12AB
   • Procedure for fresh registration
   • Renewal and migration provisions
   • Provisional registration
   • Cancellation and rejection of registration
5. Approval under Section 80G
   • Conditions for approval
   • Application procedures
   • Benefits available to donors
   • Renewal and compliance requirements
6. Income Exemptions
   • Exemption under Sections 11 & 12
   • Charitable and religious purposes
   • Income eligible for exemption
   • Deemed application of income
7. Application & Accumulation of Income
   • 85% application rule
   • Accumulation under prescribed provisions
   • Modes of investment
   • Treatment of unspent income
8. Corpus Donations & Voluntary Contributions
   • Corpus fund taxation
   • Specific direction donations
   • Anonymous donations
   • Taxability and reporting requirements
9. Commercial Activities & Business Income
   • Incidental business activities
   • Restrictions on commercial receipts
   • Impact on exemption eligibility
10. Specified Persons & Related Party Transactions

• Section 13 implications
• Benefit to trustees and related persons
• Violation consequences

11. Books of Account, Audit & Compliance

• Maintenance of books
• Audit requirements
• Audit reports and certifications
• Record-keeping obligations

12. Return Filing Procedures

• Filing of income-tax returns
• Applicable forms
• Due dates and procedural compliance

13. TDS & Other Tax Provisions

• TDS applicability on trusts and NGOs
• PAN, TAN and compliance requirements
• Other procedural tax obligations

14. Foreign Contributions & Regulatory Issues

• FCRA overview
• Foreign donations and compliance
• Reporting obligations

15. Assessment & Penalty Provisions

• Scrutiny and reassessment
• Penalties for non-compliance
• Consequences of violations

16. Finance Act, 2026 Amendments

• Latest statutory amendments
• Updated procedural provisions
• Recent compliance changes

17. Practical Issues & Case Studies

• Practical illustrations
• Frequently faced compliance issues
• Advisory guidance for professionals

18. Specimen Formats & Documentation

• Applications and declarations
• Draft resolutions and letters
• Practical compliance formats