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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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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