Taxmann Trusts & NGOs Ready Reckoner 4th Edition 2023

This book explains the tax implications during the life cycle of a charitable trust, starting from incorporation, registration, maintenance of books of account, scheme of taxation, computation of income, filing of the income-tax return, audit report, cancellation of registration, forfeiture of exemption, etc. It contains an extensive discussion of the provisions of the Income-tax Act, tutorials and guides on filing various forms under the Act.

This book is an essential resource for anyone interested in the legal landscape surrounding trusts & NGOs, containing a comprehensive collection of landmark rulings on all controversial issues.

The Present Publication is the 4^th Edition and has been amended by the Finance Act 2023. This book is authored by Dr Manoj Fogla, CA Suresh Kumar Kejriwal & CA Tarun Kumar Madaan, with the following noteworthy features:

• [Clear & Accessible Language] is followed throughout this book
• [Analysis & Impact of Amendments] by the Finance Act 2023
• [Exhaustive Coverage of the Registration & Approval Process] under the following Sections:
  • Section 12AB
  • Section 10(23C)
  • Section 80G
• [Explanation to the Scheme of Taxation & Computation of Income] of NGOs
• [Practical Guide] for the following:
  • Filing Registration Application in Form No. 10A and Form No. 10AB
  • Filing of Statements of Donations in Form No. 10BD
  • Filing of Audit Reports in Form 10B and Form 10BB
• [Flowcharts & Illustrations] explaining the law relating to the taxation of NGOs
• [Landmark Rulings] on all controversial issues
• [Tabular Overview of Compliances] has been provided in this book
• [Impact Analysis of Supreme Court Rulings] in the case of New Noble Educational Society [2022] 143 taxmann.com 276 (SC) and Ahmedabad Urban Development Authority [2022] 144 taxmann.com 78 (SC)