Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 May 2014
a group of friend want to give donation to the college. they want to register NGO. They collect amount from friends living in different state & further expand by collecting amount from all student pass through college. so what entity should be created so it is more beneficial to them. whether they get registration as a charitable trust.what is procedure for registration. they use fund to donate only specific college.
10 May 2014
u need to register u/s 12 of income tax act for getting tax benefit and must send atleast 85% of amount collected in a FY.
10 May 2014
why complicate the matter. contact the college, sign an agreement with them for raising funds for it and then raise the funds directly in name of the college.
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