Charitable Trusts – Cutting Through The Complexity book by The Goods & Services Tax Practitioners' Association of Maharashtra,Premal Gandhi

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 Compliances
It 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 non-profit 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 Income-tax Act, 1961 for maintenance of books of account and other document
Amendment of the Trust Deed
Application of Income
Corpus Donation and Inter-Charity Donation
Modes available for Accumulation of Income
Specified modes of Investment or Deposit under section 11(5) of the Income-tax Act, 1961
Anonymous Donations
Penal Taxation of NGO's
Summary of Penal Tax Rates
Forfeiture of various exemptions granted
Cancellation of Registration
Tax on Accreted Income of NGO's
Tax Implications of CSR Expenditure
Statement of Donations to be filed by Donee Trust [Form 10BD]