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All About NGOs NPOs Trusts

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Author(s)

Avadhesh Ojha, Nisha Bhandari, Satyadev Purohit

Publisher

Tax Publisher

ISBN

Edition

2016-17

Pages | Format

Approx. Product Size

Note : The book "All About NGOs NPOs Trusts" contains 88 chapters

Non-profit sector is increasingly gaining importance in India as it supports and supplements the developmental work of government for the sake of common man, much more efficiently and cost effectively than the government itself. Not-for-Profit Organisation (NPO) popularly known as Non-Governmental Organisation (NGO), may be incorporated as a society, a trust, a company, a club, an association or an institution, as the case may be.
The present book aims at providing a comprehensive, unique and most up to date, treatise on the subject covering inter alia almost all aspects of NGOs/NPOs like Formation, Registration, Procedural Compliances, Taxation, Accounting Treatment, Disclosure Requirement, Audit and even Service Taxation.
The concept of incorporation and working of an NGO/NPO is fairly complex as it may be governed by a number of statutes. With a view to make it simple and to appreciate this rather a complex subject with full clarity, the book is divided in Seven Parts.
Part I is Introductory comprising Four Chapters.
Part II dealing with Entity Specific Forms of NGOs/NPOs With Attendant Consequences is divided in Six Sections, namely :
Section A
:
NGOs/NPOs as a Company
Section B
:
NGOs/NPOs as a Society
Section C
:
NGOs/NPOs as a Trust
Section D
:
NGOs/NPOs as Educational or Medical Institutions
Section E
:
NGOs/NPOs as Institutions, Funds or Associations of Specific Nature
Section F
:
NGOs as a Club
Part III dealing with Incomes of NGOs/NPOs Sources, Exemption, Computation and Taxation is also divided in three Sections namely :
Section A
:
Raising of Funds by NGOs/NPOs
Section B
:
Exemption to NGOs/NPOs Registered Under Section 12/ 12AA of Income Tax Act
Section C
:
Computation of Incomes of NGOs/NPOs and Their Taxation
Part IV titled Tax Benefits Available to Donors or Contributors to NGOs/ NPOs comprises Six Chapters pertaining to various tax benefits available under the Income Tax Act, to the donors and contributors of NGOs/NPOs.
Part V dwelling on the Various Obligations of NGOs/NPOs Under Income Tax Act comprises Four Chapters, throwing light on obligations like, obtaining of PAN/ TAN, TDS, Filing of Return of Income, etc.
Part VI deals with Accounts by, and Audit of, NGOs/NPOs and is further divided in Five Sections namely :
Section A
:
Accounting by NGOs/NPOs
Section B
:
Applicability of Accounting Standards (ASs)
Section C
:
Applicability of Indian Accounting Standards (Ind ASs)
Section D
:
Related Income Computation and Disclsoure Standards (ICDSs) and Their Impact
Section E
:
Audit of NGOs/NPOs
Part VII is devoted to Service Taxation of NGOs/NPOs. It comprises Four Chapters pertaining to various obligations of an NGO/NPO under the current service tax regime.
The present book thus enjoys sufficient edge over all other publications on the related topics in terms of thoroughness and comprehension, leaving as a matter of fact no need of material of any other sort. It is only one of its kind providing the most sumptuous and up-to-date coverage of the related subject-matter. In fact, this is a book of immense practical utility for practising Chartered Accountants, Company Secretaries, Tax Practitioners, NGO functionaries and Trustees who will find it pleasingly helpful in their work for it will enable them to fully appreciate the conceptual and practical treatment of the issues before them and help them in meeting out their obligations as they come by.
We feel, we have given our very best. We have certainly tried for it. However, despite our painstaking efforts and indepth analysis having gone into the making of this book, possibility of certain short-comings creeping up cannot be ruled out. Therefore, we solicit creative feedback from our learned readers, bringing to our notice any mistakes, errors, omissions or discrepancies that might still have found place, despite our sincere efforts at avoiding them. This will be most welcome no doubt and will be studied, examined and incorporated with the attention they would deserve in the forthcoming editions.
Along with the assessment year 2016-17 Supplement beginning with the next page, this product will be useful for whole of the assessment year 2016-17. A further update based on the Finance Act, 2016 and the Case law and Circulars, Notifications, etc. available till November 2016 will be provided via website Support in the month of December 2016, thereby making this product fully relevant and useful for whole of the assessment year 2017-18 as well.

Chapter No	Chapter name
PART: I	INTRODUCTORY
Chapter: 1	Introducing NGOs/NPOs
Chapter: 2	Objectives of NGOs/NPOs
Chapter: 3	Entity Specific Forms of NGOs/NPOs
Chapter: 4	Ready Referencer Vis-a-Vis Various Entity Specific Forms of NGOs/NPOs
PART: II	ENTITY SPECIFIC FORMS OF NGOS/NPOS WITH ATTENDANT CONSEQUENCES
Section: A	NGOs/NPOs as a Company
Chapter: 5	NGO as a Company
Chapter: 6	Corporate Social Responsibility Via NGOs/NPOs
Section: B	NGOs/NPOs as a Society
Chapter: 7	Society : Meaning, Formation and Regulations
Chapter: 8	Sample Memorandum of Association and Rules & Regulations of a Society
Chapter: 9	Memorandum of Association and Rules & Regulations of Rajasthan Rural Development Society
Chapter: 10	Memorandum of Association and Rules and Regulations of a Children Welfare Society
Chapter: 11	Other Documents Related to Societies
Chapter: 12	Societies Registration Act, 1860 : Analytical Study
Section: C	NGOs/NPOs as a Trust
Chapter: 13	Trust and Kind Thereof
Chapter: 14	Settlor, Trustee and Beneficiary
Chapter: 15	Trust Property
Chapter: 16	Trust Management
Chapter: 17	Formation of Trust
Chapter: 18	Drafting a Trust Deed
Chapter: 19	Sample Trust Deeds
Chapter: 20	Registration of NGO/Society Under Income Tax Act for Exemption of Income
Chapter: 21	Procedure for Granting Registration to NGO/Society under Section 12AA of Income Tax Act
Section: D	NGOs/NPOs as Educational or Medical Institutions
Chapter: 22	Educational Institutions Run as NGOs/NPOs
Chapter: 23	Conditions for Availing of Income Tax Exemption by Educational Institutions
Chapter: 24	Hospitals and Medical Institutions Run as NGOs/NPOs
Chapter: 25	Requirements Under Various Provisos to Section 10(23C) of Income Tax Act Vis-a-Vis Educational & Medical Institutions
Chapter: 26	Procedural Aspects Regarding Claim of Exemption by Institutions
Chapter: 27	Investigations and Verifications by Department in Cases of Educational Institutions
Chapter: 28	Application for Approval to University or Hospital or Other Institutions for Purpose of Section 10(23C)(vi)/(via)
Chapter: 29	Sample Draft Deed of Trust For Charitable Dispensary or Hospital
Chapter: 30	Sample Draft Deeds of Charitable Educational Trust
Section: E	NGOs/NPOs as Institutions, Funds or Associations of Specific Nature
Chapter: 31	Exempt Institutions/Funds/Associations
Chapter: 32	Research Associations Run by NGOs/Societies
Chapter: 33	News Agencies and Approved Professional Associations Run by NGOs/Societies
Chapter: 34	Exempt Funds, Institutions
Chapter: 35	Securitisation Trusts
Chapter: 36	Taxation of Investment Fund
Chapter: 37	Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (INVIT)
Chapter: 38	Exemption under Section 10(23C)(iv)/(v) of Incomes of Specified Institutions, Funds, Trusts, Etc. for Charitable Purposes
Section: F	NGOs as a Club
Chapter: 39	Club : Meaning, Classification and Bye-Laws
Chapter: 40	Principle of Mutuality
Chapter: 41	Taxation of Club
PART: III	INCOMES OF NGOS/NPOS--SOURCES, EXEMPTION, COMPUTATION AND TAXATION
Chapter: 42	Sources of Funds of NGOs/NPOs
Chapter: 43	Income from Voluntary Contributions
Chapter: 44	Corpus Donation
Chapter: 45	Income Via Anonymous Donations--Tax Treatment
Chapter: 46	Income from Business Run by NGO/Society, etc.
Chapter: 47	Income by Way of Foreign Contribution
Chapter: 48	Exemption Under Section 11 of Income Tax Act--Basic Scheme
Chapter: 49	Property Held by NGOs, etc., Under Trust
Chapter: 50	Property Held under Legal Obligation Vis-a-Vis Section 11 r/w Explanation 1 to Section 13
Chapter: 51	Application of Income of NGOs/Societies for Exemption
Chapter: 52	Accumulation of Income under Section 11(2)
Chapter: 53	Circumstances Circumventing Exemption under Section 11 to NGOs/NPOs
Chapter: 54	Prescribed Modes of Investment under Section 11(5)
Chapter: 55	Capital Gains of NGOs/Societies : Tax Treatment
Chapter: 56	Exemptibility of Business Income Held in Trust by NGO/Society
Chapter: 57	Circumstances Calling for Forfeiture of Exemption
Chapter: 58	Income of Charitable Trust or Institution--Scope and Computation
Chapter: 59	Treatment of Depreciation in the Hands of Charitable Trusts/Institutions
Chapter: 60	Income Taxation of NGOs/NPOs Being in the Nature of Charitable Trust
PART: IV	TAX BENEFITS AVAILABLE TO DONORS OR CONTRIBUTORS TO NGOS/NPOS
Chapter: 61	Deduction to Donors under Section 80G Regarding Their Donations to NGOs/Societies, etc.
Chapter: 62	Payment by Institutions to National Laboratories, Universities and IITs As Eligible for Weighted Deduction under Section 35(2AA)
Chapter: 63	Contributions to NGOs, etc. Entitled to Deduction under Section 35AC of Income Tax Act
Chapter: 64	Contributions to NGOs, etc., Entitled to Deduction under Section 35CCA of Income Tax Act
Chapter: 65	Contributions to NGOs, etc. Entitled to Deduction under Section 80GGA of Income Tax Act
PART: V	VARIOUS OBLIGATIONS OF NGOS/NPOS UNDER INCOME TAX ACT
Chapter: 66	Application for PAN
Chapter: 67	Obligations Regarding TDS
Chapter: 68	Filing of Income Tax Return by Charitable Trust/Institution [Section 139(4A)]
Chapter: 69	Filing of Return by Educational and Medical Institutions Claiming Exemption under Section 10(23C) [Section 139(4C)]
PART: VI	ACCOUNTS BY AND AUDIT OF NGOS/NPOS
Section A	Accounting by NGOs/NPOs
Chapter: 70	Preparation of Annual Accounts by Trusts or Institutions
Chapter: 71	Guidance Notes on Accounting in Case of Schools
Chapter: 72	Guidance Notes on Accounting for Hospitals
Section : B	Applicability of Accounting Standards (ASs)
Chapter: 73	Applicability of Accounting Standards to Trusts and Institutions
Chapter: 74	Revenue Recognition by Trusts and Institutions [AS-9]
Chapter: 75	Accounting of Government Grants by Trusts and Institutions [AS-12]
Chapter: 76	Compliance with Other Important Accounting Standards
Section: C	Applicability of Indian Accounting Standards (Ind ASs)
Chapter: 77	Applicability of Ind ASs to Companies Registered with Charitable Objects
Chapter: 78	Applicability of Ind AS 20 : Government Grants
Chapter: 79	Applicability of Ind AS 115 : Revenue from Contracts with Customers
Chapter: 80	Compliance with Other Indian Accounting Standards
Chapter: 81	Applicability of Income Computation and Disclsoure Standards (ICDSs)
Chapter: 82	Computation and Disclosure Requirements Under Important ICDSs
Chapter: 83	Audit of NGO/Societies/Clubs, etc. Being in the Form of Charitable Trusts and Institutions
Chapter: 84	Audits Regarding Funds, Institutions Claiming Exemption under Section 10(23C)(iv)/(v)/(vi)/(via)
PART: VII	SERVICE TAXATION OF NGOS/NPOS
Chapter: 85	Service Tax Basics
Chapter: 86	Service-tax on Educational Institutions
Chapter: 87	Health Care Service
Chapter: 88	Charitable or Religious Activity