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.
Nikhil Kaushik
(Expert)
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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