Taxmann’s Trusts and NGOs Ready Reckoner As Amended by Finance Act, 2021 by CA Suresh Kumar Kejriwal & Manoj Fogla Edition 2021


Taxmann’s Trusts and NGOs Ready Reckoner A Practice Guide for Professionals As Amended by Finance Act, 2021 by CA Suresh Kumar Kejriwal & Manoj Fogla Edition 2021

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Taxmann’s Trusts & NGOs Ready Reckoner is a practice guide for professionals that features extensive commentary along-with landmark cases, guide on the new registration process & comparative analysis.

The Present Publication is the 2nd Edition, authored by Dr. Manoj Fogla, CA Suresh Kumar Kejriwal & CA Tarun Kumar, and amended by the following:

  • The Finance Act 2021
  • The Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020
  • The Income-tax (Sixth Amendment) Rules, 2021

The noteworthy features of this book are as follows:

  • [Exhaustive Commentary] on the new procedure for registration and approval under Section 12AB, 10(23C) and 80G
  • [Practical Guide to File New Forms for Registration and Approval] w.e.f. 01-04-2021
  • [Comparative Analysis of Registration] under Section 12AB and approval under Section 10(23C)
  • [Practical Guide to File Audit Report] in Form 10B and ITR-7
  • [Flowcharts & Illlustrations] to explain the law relating to the taxation of NGOs
  • [Landmark Cases] on all controversial issues
  • [Tabular Overview] of the compliances

The detailed contents of the book are as follows:

  • Introduction and Legal Framework of NPOs in India
  • Meaning of Charitable Purpose
  • Amendment of Trust Deed
  • New Scheme of Registration under Section 12AB
  • Registration under Section 12AB of the organisation formed without an instrument
  • Practical Guide to Registration under Section 12AB
  • Conditions for claiming exemption under Sections11 and 12
  • Scope of Income under Section 11
  • Application of Income
  • Scheme of taxation and computation of income
  • Corpus Donation
  • Inter-Charity Donations
  • Project Grants whether Income
  • Implications of Section 2(24)(xviii) on grant and corpus donation
  • Treatment of Capital Gains
  • Depreciation
  • Business Activity under Section 2(15)
  • Incidental Business and Business held as Trust Property
  • Options available for accumulation of income
  • Set off & Carry Forward of Past Deficit
  • Anonymous Donations
  • Penal Taxation of NGOs
  • Cancellation of Registration
  • Tax on Accreted Income of NGOs
  • Taxation when Exemption is withdrawn or Status is Lost
  • Approval under Section 80G
  • Practical Guide to Approval under Section 80G
  • Tax Implication of CSR Expenditure
  • International Activities of NGOs outside India
  • Audit under Section 12A
  • Practical Guide to Audit under Section 12A
  • Submission of Income-tax Return
  • Practical Guide to file Form ITR-7
  • Forfeiture of various Incomes under Section 13
  • Forfeiture – Charitable activity for a particular community
  • Forfeiture – Benefit to Interested Person
  • Forfeiture – Violation Regarding Investment under Section 13(1)(d)
  • Forfeiture – Investment in Section 8 Company and Incubatee companies
  • Overview and Fundamental Concepts under Section 10(23C)
  • Government Funded and Institutions up to aggregate INR 5 Crore Receipts under Section 10(23C)
  • Exemptions and Conditions for Approval under Section 10(23C)
  • Approval and Cancellation under Section 10(23C)
  • Tabular Overview of Compliances under Section 10(23C)
  • Comparative Analysis of section 11 with Section 10(23C)
  • Practical Guide to Approval under Section 10(23C)
  • Mutual Societies
  • Issues Arising out of Income Tax (6th Amendment) Rules, 2021
  • Religious & Partly Religious Trust
Weight 0.800 kg







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