Corporate Law : A Public Charitable Trust Learn the must-know details of drafting a trust deed as per Indian Governments Rules. Points to be noted...
Income Tax : Understanding the Trust Deed Format for Charitable Medical Teaching Institutes. Learn about the legal requirements and regulations...
Income Tax : Learn all about trust creation, trust deed, and registration as per the Indian Trust Act 1882. Understand the types of trusts in I...
CA, CS, CMA : Draft of Public Charitable Trust Deed THIS INDENTURE made at _____ this ——- day of ———– 1990 B...
Corporate Law : Legal drafting is the most important instrument of legal communication. A professional need to have a very good hand at drafting a...
Income Tax : As we all know anonymous donations received by a trust are taxable, so every charitable trust has to keep the records of donation ...
Finance : will format, will by disabled person in favour of wife & daughter , revocation of will , simple will giving property to wife , wil...
Income Tax : In the present case, the assessee was not having any trust deed. So it is quite difficult for the ld. Commissioner to arrive at a ...
Income Tax : From the above facts, it is clear that Once the society during a period of almost 12 years has not carried out any activity, excep...
Income Tax : We have considered the rival submissions and perused the material on record. In our considered view , the reasons advanced by the ...
Finance : Section 164 gets attracted only when the shares of the beneficiaries are unknown, which is manifest from the marginal heading of t...
A Public Charitable Trust Learn the must-know details of drafting a trust deed as per Indian Governments Rules. Points to be noted before creating a trust!
Understanding the Trust Deed Format for Charitable Medical Teaching Institutes. Learn about the legal requirements and regulations for setting up a charitable trust in the medical field.
Learn all about trust creation, trust deed, and registration as per the Indian Trust Act 1882. Understand the types of trusts in India and how they are governed by the Indian Trusts Act.
Draft of Public Charitable Trust Deed THIS INDENTURE made at _____ this ——- day of ———– 1990 BETWEEN __________ called ‘the Settlor’ (which expression shall unless it be repugnant to the context or meaning thereof be deemed to include his heirs, executors or administrator) of the One Part AND (1) _________ AND (2) ___________ hereinafter […]
Legal drafting is the most important instrument of legal communication. A professional need to have a very good hand at drafting as the skill to draft well is the skill to think and communicate well. Drafting is the collection and placing of all aspects of the matter in a logical manner and a lucid style […]
In the present case, the assessee was not having any trust deed. So it is quite difficult for the ld. Commissioner to arrive at a firm conclusion about the objects of the trust. In case the trust deed is being written after application for grant of registration, then that deed can never be seen through by the ld. Commissioner for satisfying himself.
Partnership is simple to form and manage compared to company and LLP. However there are requirement of filing various forms in case of change in address, addition / removal of partner, change in firm name or business place etc. The article give you a tabular presentation of requirement for filing forms in Maharashtra State with time limit, documentation, section of Act, Filing fees and Penalties
As we all know anonymous donations received by a trust are taxable, so every charitable trust has to keep the records of donation received which includes keeping the name, address and PAN of donee. If donations are received towards corpus than trust should obtain from donee an instruction mentioning his intention to treat the donation given by him as towards corpus of the trust. Given below is the format of instruction given by donee to trust to treat the donation given by him as towards the corpus fund:-
From the above facts, it is clear that Once the society during a period of almost 12 years has not carried out any activity, except purchasing land, to construct school/college building for imparting education, which was the main object of the society the activities of the trust for granting approval under section 80G cannot be called genuine and the CIT was fully justified in refusing to grant approval u/s 80G of the Income-tax Act. Hence, the order of Commissioner of Income-tax is upheld and consequently the remaining grounds of appeal taken by the appellant society stand rejected.
A public charitable or religious institution can be formed either as a Trust or as a Society or as a Company registered u/s 25 of the Companies Act. It generally takes the form of a trust when it is formed primarily by one or more persons. To form a Society at least seven persons are required. Institutions engaged in promotion of art, culture, commerce etc. are often registered as non-profit companies.
