form 10B

Form 10B ( Audit Report ) can be Obtained after the Due Date...

A trust or institution or society registered for tax exemption under section 12AA needs to get its accounts audited if the total income is...

Setting up an NGO ?Which Form –Society or Trust or Company – is the...

An NGO (Non Governmental Organization) is usually formed for the charitable or social work. In India, an NGO can be formed under three types...
charitable trust

Charitable Trust : How Taxed If Lost Exemption u/s 11 & 12 ?

We all know that the charitable trusts get the tax exemption under section 11 and section 12 . So , if charitable trust is...

Charitable Trust Can File Form 10B Any Time Before Assessment !

As per Income Tax Act, it is mandatory for charitable trust to file audit report , but filing of audit report by trust is...
charitable trust

Charitable Trust : Status ,Tax Rate & Audit of Accounts Simplified !

I am often asked this simple question about charitable trust - where is the tax rate applicable to a charitable trust and if a...
accumulation of income

Accumulation by Trusts @ 15% on Gross Receipts or on Net Income?

A trust gets exemption under section 11 & 12 read with section 13 of the Income Tax Act. There are many conditions which are...
creating private trust

Create Private Trust for Daughter or Handicapped Children : Why & How

Creating Private Trust can be good future planning for any child, wife or loved ones about whom you may be concerned with questions like...
private trust

Tax Planning Through Private Trust :5 Mistakes to Avoid

In the past, creating private trust for tax saving was so rampant , that government was forced to bring in amendments and provision under...
charitable trust

Charitable Trust :Filing Audit Report is Mandatory !

The charitable trust in India gets exemption as per section 11 and section 12 of the Income Tax Act.The various conditions including registration procedure is given in...
depreciation

Depreciation Allowable to Charitable Trust !

The usual opposition to such an idea of allowance of depreciation to a charitable society or trust is the thought that depreciation is associated...

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