Home > General > Taxmann's Trusts & NGOs Ready Reckoner | Practice Guide for Professionals that features Extensive Commentary along-with Landmark Cases, Guide on the New Registration Process & Comparative Analysis
Taxmann's Trusts & NGOs Ready Reckoner | Practice Guide for Professionals that features Extensive Commentary along-with Landmark Cases, Guide on the New Registration Process & Comparative Analysis

Taxmann's Trusts & NGOs Ready Reckoner | Practice Guide for Professionals that features Extensive Commentary along-with Landmark Cases, Guide on the New Registration Process & Comparative Analysis

          
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About the Book

Taxmanns Trusts & NGOs Ready Reckoner is a practice guide for professionals that features extensive commentary along-with landmark cases, guide on the new registration process & comparative analysis.The Present Publication is the 2nd Edition, authored by Dr. Manoj Fogla, CA Suresh Kumar Kejriwal & CA Tarun Kumar, and amended by the following:The Finance Act 2021The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020The Income-tax (Sixth Amendment) Rules, 2021The noteworthy features of this book are as follows:[Exhaustive Commentary] on the new procedure for registration and approval under Section 12AB, 10(23C) and 80G[Practical Guide to File New Forms for Registration and Approval] w.e.f. 01-04-2021[Comparative Analysis of Registration] under Section 12AB and approval under Section 10(23C) [Practical Guide to File Audit Report] in Form 10B and ITR-7[Flowcharts & Illlustrations] to explain the law relating to the taxation of NGOs[Landmark Cases] on all controversial issues[Tabular Overview] of the compliancesThe detailed contents of the book are as follows:Introduction and Legal Framework of NPOs in IndiaMeaning of Charitable PurposeAmendment of Trust DeedNew Scheme of Registration under Section 12ABRegistration under Section 12AB of the organisation formed without an instrumentPractical Guide to Registration under Section 12ABConditions for claiming exemption under Sections11 and 12Scope of Income under Section 11Application of IncomeScheme of taxation and computation of incomeCorpus DonationInter-Charity DonationsProject Grants whether IncomeImplications of Section 2(24)(xviii) on grant and corpus donationTreatment of Capital GainsDepreciationBusiness Activity under Section 2(15) Incidental Business and Business held as Trust PropertyOptions available for accumulation of incomeSet off & Carry Forward of Past DeficitAnonymous DonationsPenal Taxation of NGOsCancellation of RegistrationTax on Accreted Income of NGOsTaxation when Exemption is withdrawn or Status is LostApproval under Section 80GPractical Guide to Approval under Section 80GTax Implication of CSR ExpenditureInternational Activities of NGOs outside IndiaAudit under Section 12APractical Guide to Audit under Section 12ASubmission of Income-tax ReturnPractical Guide to file Form ITR-7Forfeiture of various Incomes under Section 13Forfeiture - Charitable activity for a particular communityForfeiture - Benefit to Interested PersonForfeiture - Violation Regarding Investment under Section 13(1)(d) Forfeiture - Investment in Section 8 Company and Incubatee companiesOverview and Fundamental Concepts under Section 10(23C) Government Funded and Institutions up to aggregate INR 5 Crore Receipts under Section 10(23C) Exemptions and Conditions for Approval under Section 10(23C) Approval and Cancellation under Section 10(23C) Tabular Overview of Compliances under Section 10(23C) Comparative Analysis of section 11 with Section 10(23C) Practical Guide to Approval under Section 10(23C) Mutual SocietiesIssues Arising out of Income Tax (6th Amendment) Rules, 2021Religious & Partly Religious Trust About the Author Dr. Manoj Fogla, is a fellow member of the Institute of Chartered Accountants of India. He holds a Bachelor degree in Laws and also holds a Masters degree in Philosophy. He has also completed Ph.D. from Utkal University, Doctoral Research on Social Accountability Standards for NPOs. He is an expert on Taxation, CSR, FCRA Governance and Accountability issues. He is the author of several best-selling books for professionals which include:Comprehensive Commentaries on Taxation of Trusts & NGOs by TaxmannHandbook on CSR for Corporates & NPOsCommentaries on FCRA and LokpalLegal and Financial Handbook for Voluntary OrganisationsHe is a member of the Board of several institutions including Xaviers Institute of Management, Bhubaneshwar (XIMB), X


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Product Details
  • ISBN-13: 9789390831029
  • Publisher: Taxmann
  • Binding: Paperback
  • Height: 254 mm
  • No of Pages: 792
  • Width: 25 mm
  • ISBN-10: 9390831024
  • Publisher Date: 07 May 2021
  • Edition: 2nd Edition | 2021
  • Language: English
  • Weight: 830 gr

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