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What is ‘Charitable Purpose’ for Income Tax Purposes ?  [Sec. 2(15)]
Laws Applicable to Charitable Institutions/Trusts
Provisions Relating to Anonymous Donations & Gifts [ Sec. 11 5BBC ]
Formation Of A ‘Charitable & Religious Trust’
TRUST DEED of A ‘Charitable & Religious Trust’
Practical Tips on Drafting of Trust Deed of A ‘Charitable & Religious Trust’
Need for Registration of A “Charitable & Religious Trust”
Types of Registrations of A “Charitable & Religious Trust”
Procedure for Registration of Trust under the Indian Trusts Act, 1882
Registration of Trust under Sections 11 & 12 of the Income Tax Act, 1961
Cancellation of Registration of A “Charitable & Religious Trust”
Belated Filing of Application for Registration of A “Charitable & Religious Trust”
Practical Problem on Registration of a ‘Trust’ U/s. 12A
Creation of a Valid Charitable or Religious Trust
Income Tax Provisions For A “Charitable & Religious Trust”
‘Exemption’ Provisions For A “Charitable & Religious Trust”
Approval Of “Trust”  U/S 80G Of The Income Tax  Act. To Give Some Benefits To Its Donors.
Deduction To A Trust U/s 35AC
Power Of The ‘Trustees’ Of ‘Trust’
[Section 2(15)] : Exemption of Income of a Charitable & Religious Trust
[Section 11(2)] :      Accumulation or Setting Apart of the Trust Income for a Specific Purpose
[Section 11(4)] : Income from Business Undertaking of Property held under ‘Charitable Trust’ in Excess of the Income Shown in the Account
[Section 11(5)] : Forms or Modes of Money Accumulated or Set Apart of Trust Income Invested or Deposited
Trust Partly for Charitable or Religious Purpose and Partly for Other Purposes
[Section 11(1A)] : Capitai Gains Of The Trust For Charitable Purposes
[Section 12] : Income Of Religious Trusts Or Institutions From Voluntary Contributions
[Section 12AA] : Procedure For Registration Of A Trust Or Institution
[Section 13] : Income Of Charitable Or Religious Trust Does Not Qualify for Exemption u/s 11 or 12
Electoral Trusts Scheme, 2013 (Vide Not.No. SO. 309(E), dated 31.01.2013)
Functions Of Electoral Trusts - ET [Rule 17CA] [Vide Not.No. SO. 308(E), dated 31.01.20131.]
Important Points To Be Consider While Filing The Return Of A Charitable Trust Or Religious Institution:
Private Charitable Or Religious Trusts  ( Sections 161, 164 & 166 )
[Section 164(1)]: Where Shares Of The Beneficiaries Of a Private Discretionary Trust Are Indeterminate Or Unknown :
Property held under Trust Partly For Religious Purposes And Partly For Other Purposes :
ORAL TRUST [Sections 160(1)(v) and 164A ]
[Section. 167B] : Association Of Persons (AOP) And Body Of Individuals (BOI)
Tax Rates applied on Charitable or Religious Trusts
[Section-67A] :  Method Of Computing A Members Share In Income Of Association Of Persons (AOP) Or Body Of Individuals (BOI)
Provisions to Securitisation Trusts [As introduced by the Finance Act, 2013]
Definition of ‘Securitization Trusts’ as per SARFAESI Act.
Definition of ‘Securitization Trusts’ as per the SEBI Regulations
Definition of ‘Securitization Trusts’ as per the RBI Guidelines
Provisions relating to Tax on Distributed Income by Securitisation Trust
BUSINESS TRUSTS – Meaning & Provisions
 
 

Power Of The ‘Trustees’ Of ‘Trust’

 

a.       The Trustees shall have all powers necessary or incidental for effectively carrying out the objects of the Trust.

 

b.       Subject to the general provisions of the Trust and without prejudice to the general and specified powers conferred upon the Trustees by the other provisions contained in these presents, the Trustees shall have the following powers also:

         i     To apply the Trust monies to effectuate one object or                some  of the objects of the Trust in preference to the                other objects.

ii.       To discontinue the application of Trust Funds to the object and divert the funds to another object.

 

iii.      To decide the nature and functions of the institutions to be established by the Trust and to decide whether and if so what existing institution or institutions may be taken over by the Trust or to which any aid may be given.

 

iv.      In case it is decided to render financial or other aid to any person or institution to decide what terms and conditions should be complied by such person or institution.

 

v.       To determine the terms and conditions on which any donations, subscriptions, scholarships or prizes are to be given by the Trust.

 

vi.      To expend the funds of the Trust in such manner as they shall consider most beneficial for the purpose of the Trust.

 

vii.     To acquire, build upon, pull down, rebuild, add to, alter, repair, improve, sell or dispose of any land, building or premises for the use of the Trust and to acquire any movable property required for the use of the Trust and to dispose of the same.

 

viii.    To acquire any property in exchange for some other property or partly in such exchange and partly for other consideration.

 

ix.      To enter into any contracts on behalf of the Trust.

 

x.       To borrow any money upon the security of any of the property of the Trust and to grant mortgages for securing the same or without any security and upon such terms and conditions the Trustees may deem fit.

 

xi.      To make and from time to time repeal and/or alter regulations.

 

a.       As to the management of the Trust and the affairs thereof.

 

b.       As to the duties and remuneration of any officer or servants of the Trust.

 

c.       As to the conduct or any of the matters or things within the powers or under the control of the Trustees provided that the same shall not be inconsistent with the provisions contained in these presents.

 

xii.     To settle out of court, compromise or compound all suits, actions and other proceedings and all differences and demands and to refer all or any of such differences or demand to arbitration and to execute releases and to settle and approve all accounts without being answerable for any loss occasioned thereby.

 

xiii.    To appoint and dismiss Managers, Secretaries, Clerks and other staff and workers required for working of its business or industry and for general management of the affairs of the Trust

 

xiv.    To make changes in the object of the Trust which are consistent with the attainment of the main object.

 

 
 
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