This book is an exhaustive commentary on the provisions of Income Tax Act, 1961, Companies Act, 1956 and Companies Act, 2013 for Charitable trusts or Institutions, NGOs and NPOs. This would be a useful reference for tax and accounting professionals associated with these institutions. This book helps the professionals and staff of these institutions in their day-to-day activities as all tax and regulatory provisions are given in-depth coverage. Complex situations are explained with supporting case laws and illustrative examples.Key Features

Updated to cover necessary provisions of the Companies Act, 2013

Detailed discussion on the formation of Trusts/Societies/Section 25 Companies

Discussion on how to compute income of trusts or institutions with specific examples

Broad insights on ‘Principle of Mutuality’ with examples

Overview of Accounting Standards with accounting policies as applicable to charitable trusts or institutions

Detailed discussion on voluntary contributions, corpus donations, anonymous donations and capital gains with supporting case laws and illustrative examples

Provisions of Foreign Contribution (Regulation) Act, 2010 with frequently asked questions

Activities of charitable trusts, institutions, NGOs and NPOs in India and outside in the form of Branch Offices and Liaison Offices

Covers important CBDT circulars, notifications and instructions as applicable to charitable trusts or institutions

Provides specimen of trust deeds, bye-laws of societies and MOA & AOA of Section 25 companies

Recap at the end of each chapter giving a bird’s eye view

Comprehensive practical illustrations of complex topics for better understanding