Taxmann X GSTPAMs Charitable Trusts The most updated guide to the taxability of charitable trusts in simple language with rec

This book provides a comprehensive overview of the current landscape of taxability governing charitable trusts, which includes: Taxation & Tax Exemptions Financials and Regulating Reporting Fund Raising & their CompliancesIt aims to make its reader aware of the various provisions without using complex legal jargon. All efforts have been made to present the provisions clearly and understandably. This book incorporates the dynamic amendments and court rulings over the last few years that have impacted the functioning of charitable trusts.This book will be helpful for NGO leaders, finance professionals, and anyone interested in the taxation aspect of the nonprofit sector.The Present Publications is the latest 2023 edition and has been amended up to October 2023.This book is authored by CA Premal Gandhi and published by Taxmann for The Goods and Services Tax Practitioners Association of Maharashtra. The detailed contents of this book are as follows: Introduction Comparative analysis of various salient features of a Trust, Society & Section 8 of Companies Act, 2013 Definitions, Rights, Duties & Liabilities of a Settlor/Author, Trustee & Beneficiaries Provisions applicable to the Charitable Trusts under the Incometax Act, 1961 for maintenance of books of account and other document Amendment of the Trust Deed Application of Income Corpus Donation and InterCharity Donation Modes available for Accumulation of Income Specified modes of Investment or Deposit under section 11(5) of the Incometax Act, 1961 Anonymous Donations Penal Taxation of NGOs Summary of Penal Tax Rates Forfeiture of various exemptions granted Cancellation of Registration Tax on Accreted Income of NGOs Tax Implications of CSR Expenditure Statement of Donations to be filed by Donee Trust [Form 10BD]