Dissolution of a private Charitable trust
This query is : Resolved
10 June 2020
hi,
I have a query that How to dissolve a private charitable trust (which file ITR 7) on voluntary basis or i wanted to know the process of closure of trust under Trust Act and Under Income Tax Act.
Regards,
Dipti
I have a query that How to dissolve a private charitable trust (which file ITR 7) on voluntary basis or i wanted to know the process of closure of trust under Trust Act and Under Income Tax Act.
Regards,
Dipti
10 June 2020
1- Hand over the all the assets of the trust to similar Charitable trust to serve the similar cause.
2- If there are no assets, inform the same to Concerned Authority/Commissioner of Trusts & Charities Institutes, that it is closed and there are no assets remained with Trust.
3. Inform Jurisdictional commissioner who granted 12A registration.
2- If there are no assets, inform the same to Concerned Authority/Commissioner of Trusts & Charities Institutes, that it is closed and there are no assets remained with Trust.
3. Inform Jurisdictional commissioner who granted 12A registration.
17 June 2020
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