A Practical Approach to Taxation & Accounting of Charitable Trusts, NGOs & NPOs

Bharat’s A Practical Approach to Taxation & Accounting of Charitable Trusts, NGOs & NPOs – 11th Edition, 2025 is a specialized and practical guide tailored to the unique compliance, taxation, and financial reporting requirements of Charitable Trusts, Non-Governmental Organizations (NGOs), and Non-Profit Organizations (NPOs) in India. Fully updated as per the latest legal amendments and judicial developments, this edition presents a clear, actionable, and legally sound approach to managing the affairs of not-for-profit entities in alignment with applicable tax laws and accounting standards.

This authoritative resource is designed for professionals, trustees, accountants, legal advisors, and executives working with charitable organizations. It covers a wide spectrum of legal and financial matters including registration under the Income Tax Act, Section 12AB & 80G compliance, annual filings, audit requirements, FCRA (Foreign Contribution Regulation Act) obligations, and practical accounting treatments tailored to the not-for-profit sector.

Key Features:

• Comprehensive Legal Framework: Detailed explanation of all applicable provisions under the Income Tax Act, 1961 relevant to charitable institutions, including Sections 10(23C), 11, 12AB, 12AA, 80G, and others.

• Step-by-Step Guidance: Offers a practical roadmap for registration, renewal, and compliance under Section 12AB and for obtaining/maintaining 80G certification.

• Accounting Standards for NPOs: Discusses specific accounting practices and disclosures for charitable institutions, including fund-based accounting, donation tracking, and grant utilization.

• Audit and Annual Compliance: Covers audit mandates, filing of Form 10B, Form 10BD, donor reporting obligations, and consequences of non-compliance.

• FCRA Coverage: Includes essential provisions and procedures under the Foreign Contribution Regulation Act, 2010, including registration, renewal, and utilization of foreign funds.

• Real-Life Examples & Templates: Practical illustrations, sample financial statements, auditor's reports, and compliance checklists make it a hands-on working manual.

• Recent Amendments Incorporated: Updated as per Finance Act, 2024 and other regulatory circulars, CBDT notifications, and Supreme Court/High Court rulings relevant up to 2025.

• Tax Planning for Trusts & Societies: Insightful strategies to ensure lawful tax exemptions and optimize financial efficiency while maintaining legal sanctity.

• Suitable for All Non-Profit Entities: Addresses the legal and financial concerns of societies, public charitable trusts, section 8 companies, educational & religious institutions.

Why This Book is Essential:

• Dedicated to the Not-for-Profit Sector: One of the few comprehensive resources focused exclusively on the taxation and accounting of NGOs, NPOs, and charitable trusts in India.

• Helps Ensure Full Legal Compliance: Enables organizations to meet income tax, FCRA, audit, and financial reporting obligations in a systematic and risk-free manner.

• Supports Better Governance & Transparency: Empowers trustees and management with clear knowledge and tools for transparent financial reporting and legal adherence.

• Trusted by Experts and Practitioners: A go-to resource for CA firms, legal advisors, and consultants providing services to the not-for-profit sector.

• Ideal for Learning & Reference: Valuable for academicians, students, and aspirants preparing for exams related to taxation, social finance, or NGO management.

Bharat’s A Practical Approach to Taxation & Accounting of Charitable Trusts, NGOs & NPOs – 11th Edition, 2025 is an indispensable guide for navigating the intricate tax and compliance landscape of the not-for-profit ecosystem in India. With its focused content, practical orientation, and legal accuracy, this edition is a must-have for professionals and institutions committed to ethical, transparent, and efficient charitable governance.