A Practical Approach to Taxation and Accounting of Charitable Trusts, NGOs & NPOs

Division I
Role of NGOs & NPOs

Chapter 1 - Significant Role of NGOs and NPOs in India

Division II
Transfer of Income without Transfer of Assets

Chapter 2 - Applicability of Sections 60 to 63 — Transfer of Income without Transfer of Assets

Division III
Charity and Charitable Purpose

Chapter 3 - Charity
Chapter 4 - Charitable Purpose
Chapter 5 - Relief of the Poor
Chapter 6 - Education and Medical Relief
Chapter 7 - Advancement of any other General Public Utility
Chapter 8 - Proviso to Section 2(15) — Restriction on Trade, Business, Commerce

Division IV
Formation and Management

Chapter 9 - Basics on Formation of Trust or Society or Section 8 Company
Chapter 10 - Formation of a Trust
Chapter 11 - Formation of a Society
Chapter 12 - Formation of Section 8 Companies

Division V
Registration and Procedure for Registration

Chapter 13 - Conditions for Applicability of Sections 11 and 12
Chapter 14 - Registration of Trusts under section 12A
Chapter 15 - Procedure for Registration of Trust or Institution under section 12AA

Division VI
Breach of Trust and Rectification of Trust Deed

Chapter 16 - Breach of Trust
Chapter 17 - Rectification or Amendment of Trust Deed

Division VII
Income and Application of Income

Chapter 18 - Limbs of section 11
Chapter 19 - Trust Property
Chapter 20 - Legal Obligation — Trust includes Legal Obligation
Chapter 21 - Income of Charitable or Religious Trusts or Institutions
Chapter 22 - Application of Income
Chapter 23 - Prescribed Mode of Investment [Section 11(5)]
Chapter 24 - Accumulation of Income
Chapter 25 - Filing of Form 9A and Form 10
Chapter 26 - Depreciation
Chapter 27 - Consequences of Failure under section 11(1B), 11(3) and 11(3A)

Division VIII
Forfeiture of Exemptions

Chapter 28 - Overview of Forfeiture of Exemption
Chapter 29 - Person Specified under section 13(3)
Chapter 30 - Forfeiture of Exemption-I
Chapter 31 - Forfeiture of Exemptions-II, Failure to Invest in a Mode Specified
Chapter 32 - Forfeiture of Exemption-III, Income or Property of the Trust Applied for Specified Persons
Chapter 33 - Deemed Restricted User [Section 13(2)(a) – 13(2)(h)]

Division IX
Voluntary Contributions (Donations)

Chapter 34 - Voluntary Donations
Chapter 35 - Voluntary Contributions (Donations) — Corpus Donations
Chapter 36 - Voluntary Contribution — Anonymous Donation

Division X
Business held in trust

Chapter 37 - Business Held under Trust — Section 11(4)
Chapter 38 - Exemption of Business Income under section 11(4A)

Division XI
Donor’s Benefit

Chapter 39 - Section 80G: Donations
Chapter 40 - Donations for Eligible Projects or Schemes
Chapter 41 - Inter-Charity Donations
Chapter 42 - Identity of Donor

Division XII
Capital Gains for Charitable Trusts or Institutions

Chapter 43 - Capital Gains of Charitable or Religious Trusts or Institutions
Chapter 44 - Case Studies in Computation of Capital Gains

Division XIII
Method of Accounting, Audit of Accounts of Charitable Trust, Assessment of Charitable Trusts or Institutions

Chapter 45 - Basis of Accounting and Accounting Aspects
Chapter 46 - Accounting Standards Applicable to NPOs, NGOs, Charitable Trusts or Institutions
Chapter 47 - Audit of Accounts of Charitable Trusts or Institutions
Chapter 48 - Permanent Account Number
Chapter 49 - Tax Deduction Account Number
Chapter 50 - Filing Return of Income
Chapter 51 - Assessment of Charitable Trusts or Institutions
Chapter 52 - Principle of Mutuality
Chapter 53 - Assessment of AOP/BOI

Division XIV
Taxation

Chapter 54 - Taxation of Charitable or Religious Trusts or Institutions
Chapter 55 - Accreted Income-tax on Charitable Trust or Institution when it Ceases to Exist
Chapter 56 - Surplus is a Bar to Claim Exemption for Charitable or Religious Trust or Institution under Income Tax Act, 1961?
Chapter 57 - Capitation Fees
Chapter 58 - How to Compute Income of Charitable or Religious Trusts or Institutions
Chapter 59 - Set Off and Carry Forward of Losses
Chapter 60 - Wealth Tax Act, 1957, Relating to Charitable Trusts or Institutions

Division XV
Income Excluded

Chapter 61 - Income of University or Other Educational Institutions under section 10(23C)
Chapter 62 - Income of Hospital or other Institutions under section 10(23C)
Chapter 63 - Requirements as per Provisos to Section 10(23C) — Applicable to Educational and Medical Institutions
Chapter 64 - Excluded Income and Agricultural Income
Chapter 65 - Project Grants, Grants-in-Aid — Accounting and Disclosures

Division XVI
Corporate Governance

Chapter 66 - Corporate Governance
Chapter 67 - Meetings and Resolutions

Division XVII
FCRA, International Activity, Liaison and Branch Office

Chapter 68 - Foreign Trust and Activities in India
Chapter 69 - Foreign Trust and International Activity
Chapter 70 - Liaison and Branch Office of Foreign Trust or Institution – Activities in India

Division XVIII
Important Circulars, Acts

Chapter 71 - Important CBDT Circulars
Chapter 72 - Prevention of Money Laundering Act, 2002 (PMLA)

Division XIX
Specimen of Deeds

Chapter 73 - Specimen of Trust Deed
Chapter 74 - Specimen of Memorandum and Bye-Laws of Society
Chapter 75 - Specimen of Memorandum and Articles of Association of Section 8 Company

Division XX
Goods & Services Tax and Corporate Social Responsibility

Chapter 76 - Goods & Services Tax Applicability to Charitable Trusts or Institutions
Chapter 77 - Corporate Social Responsibility