Trust
This query is : Resolved
15 May 2014
1)
I HAVE TO REGISTER MY TRUST WITH INCOME TAX DEPARTMENT. WHAT IS THE PROCEDURE IS FOR SAME.
2)WHICH IS THE BETTER OPTION FOR TRUST TO REGISTER WITH I T DEPT OR NOT TO REGISTER WITH I T DEPT TELL ME ALL ADVANTAGES & DISADVANTAGES OF THAT
I HAVE TO REGISTER MY TRUST WITH INCOME TAX DEPARTMENT. WHAT IS THE PROCEDURE IS FOR SAME.
2)WHICH IS THE BETTER OPTION FOR TRUST TO REGISTER WITH I T DEPT OR NOT TO REGISTER WITH I T DEPT TELL ME ALL ADVANTAGES & DISADVANTAGES OF THAT
16 May 2014
you need to register under Section 11. The disadvantage is simple, your surplus will be taxed in absence of registration as a charitable trust.
for procedures, please refer http://www.incometaxindia.gov.in/archive/assessment_charitabletrusts_institutions.pdf
for procedures, please refer http://www.incometaxindia.gov.in/archive/assessment_charitabletrusts_institutions.pdf
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