A Practical Approach to TAXATION AND ACCOUNTING OF CHARITABLE TRUSTS, NGOs & NPOs, 2022 by CA. (Dr.) N. Suresh

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