Difference between religious and chartiable trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 January 2018
kindly let me know difference between religious and charitable trust as per income tax law.
07 January 2018
Charitable trust.
Charitable purpose’ includes relief of the poor, education, medical relief, and the advancement of any object of general public utility.
Religious trusts:
The creation of religious charitable trusts is governed by the personal laws of the religion. The administration of these religious trusts can either be left to the trustees as per the dictates of the religious names or it can be regulated to a greater or lessee degree by statute such as the Bombay Public Trusts Act, 1950.
In case of Hindus, the personal law provisions regulating the religious trusts have not been codified and are found dispersed in various religious books and epics.
Charitable purpose’ includes relief of the poor, education, medical relief, and the advancement of any object of general public utility.
Religious trusts:
The creation of religious charitable trusts is governed by the personal laws of the religion. The administration of these religious trusts can either be left to the trustees as per the dictates of the religious names or it can be regulated to a greater or lessee degree by statute such as the Bombay Public Trusts Act, 1950.
In case of Hindus, the personal law provisions regulating the religious trusts have not been codified and are found dispersed in various religious books and epics.
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