Commercial's Formation, Management and Taxation of Charitable and Religious Trust & Institutions
 

Commercial's Formation, Management and Taxation of Charitable and Religious Trust & Institutions – 10th Edition, 2025 is a definitive and practical guide that covers the legal, administrative, and taxation aspects of charitable and religious organizations in India. Extensively revised and updated in line with recent amendments, judicial pronouncements, and regulatory guidelines up to Assessment Year 2025–26, this book is an indispensable tool for professionals engaged in setting up or managing not-for-profit institutions.

The book provides a step-by-step approach to the formation of trusts and societies, registration procedures under the Income Tax Act and other applicable laws, regulatory compliance, and the tax implications of donations, exemptions, and income utilization. It also offers practical guidance on maintaining accounts, filing returns, and avoiding pitfalls that may lead to denial of exemptions.

Key Features:

• ✅ Comprehensive Legal Framework: Detailed discussion on legal provisions under the Income Tax Act, Trusts Act, Societies Registration Act, Companies Act (Section 8 Companies), and other applicable statutes.

• ✅ Formation Guidelines: Step-by-step procedures for creating a charitable trust, religious trust, or non-profit institution, with model formats for trust deeds and registration documents.

• ✅ Tax Exemptions & Benefits: In-depth explanation of Sections 11, 12, 12A, 12AB, 80G, and 10(23C) including recent CBDT circulars, conditions for approval, and withdrawal of exemptions.

• ✅ Registration & Re-registration: Clear guidance on the mandatory re-registration and periodic renewal requirements introduced under the amended Income Tax regime.

• ✅ Compliance & Reporting: Covers annual return filing, audit requirements, investment rules, application of income, and reporting obligations under Form 10B/10BB.

• ✅ Foreign Contribution Regulations: Overview of the FCRA registration process, reporting obligations, and the restrictions on foreign donations for NGOs and trusts.

• ✅ Real-World Scenarios & FAQs: Practical insights into common compliance challenges, real case examples, and a robust FAQ section addressing complex queries.

• ✅ Latest Judicial Interpretations: Summarizes major court rulings and tribunal decisions that have shaped the tax treatment and regulatory obligations of charitable institutions.

Why This Book is Essential:

• 🔹 Practical & Actionable Resource: Designed to help trustees, consultants, and professionals implement legal provisions in a practical manner, with tools for compliance and governance.

• 🔹 Updated to Reflect 2025 Legal Framework: Fully aligned with the latest changes in Income Tax law, CBDT guidelines, and relevant Ministry notifications.

• 🔹 Ideal for Multiple User Segments: A must-have guide for chartered accountants, advocates, CSs, NGO professionals, institutional administrators, and students.

• 🔹 Tax Planning & Legal Safety: Helps charitable institutions manage finances and donations effectively while remaining fully compliant and eligible for exemptions.

• 🔹 Trusted by Professionals: Authored by domain experts with decades of experience in taxation and non-profit regulation.

Commercial's Formation, Management and Taxation of Charitable and Religious Trust & Institutions – 10th Edition, 2025 is the most trusted and updated reference for understanding the intricate legal, regulatory, and tax framework applicable to India's nonprofit sector. Whether you’re forming a new trust, managing an existing institution, or advising clients in this sector, this book offers the knowledge and tools to navigate compliance with confidence.