FEATUREΓ* AN INDISPENSABLE GUIDE RELATING TO TAX AND OTHER MAnERS FOR VOLUNTARY AGENCIESΓ* Revised and UpdatedΓ* Incorporating the changes by The Finance (No.2) Act, 2015Γ* Current tax status of charities and institutions rendering voluntary serviceΓ* Information about statute law and precedents, suggestions and model deeds. About The BookThis edition of “LAW AND PROCEDURE ON CHARITABLETRUSTS AND RELIGIOUS INSTITUTIONS” by the three authors,Revised and Updated, incorporating the changes by The Finance Act, 2015and the current tax status of charities and institutions renderingvoluntary service is a treasury of all the information about statute lawand precedents, suggestions and model deeds.CONTENTPreface to the Fourteenth EditionDetailed Contents Thble of Cases 1. Charitable Objects – I 2. Charitable Objects – II 3. Charitable Objects – III 4. Objects which are not charitable 5. Property held under legal obligation 6. Form of organisations 7. Modalities for creation of Trust 8. Trust Deed – Essentials in the document 9. Rectification of Deeds10. Income of a Charitable Institution11. Application of Income12. Accumulation of Income13. Circulars and Precedents on Application/Accumulation14. Charity and Business – Some Instances – I15. Charity and Business – Some Instances – II16. Charities and Capital Gains17. Permissihle Investments18. Registration19. Puhlic Institutions v. Private Benefits – an overviews20. Forfeiture of Exemption – I21. Forfeiture of Exemption – II22. Scientific Research Associations23. Public Institutions/Sections 10(22). 10(22A)24. Public Institutions/Sections 10(22). 10(22A)25. Public Institutions/Sections 10(22). 10(22A)26. Other Public Institutions exempt under Section 1027. Charities and Donors28. Assessment Procedure29. Charities and Wealth Tax30. Miscellaneous Issues31. Public Religious Trust – Some Issues32. Charities and TDS33. Charities and Foreign Contributions (Regulation) Act. 197634. Charities and Foreign Trade ( Development and Regulation)Act. 1992ANNEXUREI. Model Deed of Declaration of a Public Religious TrustsII. Model Deed of Composite TrustIll. Model Deed of Medical TrustIV. Model Deed of Educational Trust Created by a Registered Society for Benefit of Scheduled Caste and Tribes and Backward ClassesV. Draft deed of Declaration of Trust Education TrustVI. CircularsVll. RulesVIIl. Foreign Contribution (Regulation) Act. 2010IX. Foreign Contribution (Regulation) Rules. 2011SUBJECT INDEX ABOUT THE AUTHORSS. RAJARATNAM, M.A., LL.M., F.C.M.A., (born on 15.6.1928) formerly of Indian Revenue Service, retired as Accountant Member of Income tax Appellate Tribunal in 1985. During his service, he was deputed to Sri Lanka as Tax Expert and to Government of Tamil Nadu as Member of Sales-tax and Agricultural Income-tax Appellate Tribunals. He is a columnist for a bi-monthly column “Landmark Cases” in Income-tax Reports, “Notes and Comments” in ITR’s Tribunal Tax Reports and a monthly column for Management Accountant. He has authored several books, among which are “Tax Management”, “Tax Valuation”, “Corporate Taxation”, “Transfer Pricing” and “Landmark Cases” by Company Law Institute of India Pvt. Ltd., Chennai and “Tax Planning” published by Bharat Law Publications, Jaipur, besides books on MAT, Charities and Double Tax Avoidance Agreements published by Snow White Publications Pvt. Ltd., Mumbai. He has also revised Sam path Iyengar’s “Law of Income Tax” (11th Edition in 8 Volumes)M. Natarajan, B.A. (Hons.), B.L, (I.R.S. Retd.), after 6 years in State Service, joined the Indian Revenue Service, (Income-Tax) in the year 1966. He worked at various places in Tamil Nadu, Andhra Pradesh and West Bengal. He retired from service as Joint Commissioner of Income-Tax from Kolkata. He has assisted in several publications of tax treatises by his co-author S. Rajaratnam.C.P. Thangaraj, B.A., (Late), a retired Income tax Officer, tax consultant and a public worker was devoted to public causes relating to social and political problems of the underprivileged. He had widely travelled in U.K., U.S.A., France, Switzerland, Germany, Denmark, Singapore, Malaysia and Philippines on study tours. He was the coauthor of many reports submitted to the national and international religious organisations and administrative and financial matters. He was a recipient of the Degree of Doctor of Divinity (honoris causa) from the Academy of Ecumenial Indian Theology and Church Administration. He has contributed and somely to the earlier editions sharing his experience in matters of public charitable institutions, while in the Income-Tax Department and after retirement.
C.P Thangaraj, M.Natrajan, S Rajaratnam
Snow White Publication
14th Edition, May 2015