Dear Sir pls help if a charitable trust is registered under MP Pulbic Trust Act as on September 2011. Since its been old one now and old continuity better for schemes and funds I want the same to continue as Section 8.
Please reply to the following queries.
- What will be the process to convert the existing Trust into Section 8 company ?
- Will the continuity of entity be held in eyes of Income Tax even after conversion. Why and why not ?
- Same PAN will work ?
- Do old audits when registered as trust will support for grant applications as re-registered Section 8 ?
CAclubindia
