A Practical Approach to Taxation and Accounting of Charitable Trusts, NGOs & NPOs, 4E


By CA Dr N Suresh



This book is an exhaustive updated commentary on the provisions of Income Tax Act, 1961 (including changes made as per Finance Act, 2017), Companies Act 2013, amended provisions of Foreign Contribution (Regulation) Act, 2010 for Charitable trusts or Institutions, NGOs and NPOs. This would be a useful reference for tax and accounting professionals associated with these institutions. This book helps the professionals and staff of these institutions in their day-to-day activities as all tax and regulatory provisions are given in-depth coverage. Complex situations are explained with supporting case laws and illustrative examples.

Key Features:-

  • Changes as per Finance Act, 2017 incorporated
  • Form No. 10B – Audit Report – Audit of Accounts of Charitable Trust or Institutions, reporting requirement interalia each components thereon exhaustively covered with practical issues
  • New chapter on Accreted Income-Tax on Charitable Trust or Institution when it ceases to exist
  • New chapter on Surplus is a bar to claim exemption for Charitable or Religious Trust or Institution under Income Tax Act, 1961
  • Updated to cover necessary provisions of the Companies Act, 2013
  • Chapter on Corporate Social Responsibility (CSR)
  • Provisions of Foreign Contribution (Regulation) Act, 2010 with frequently asked questions
  • Detailed discussion on the formation of trusts / societies / section 8 companies
  • Discussion on how to compute income of trusts or institutions with specific examples
  • Broad insights on ‘principles of mutuality’ with examples
  • Overview of Accounting Standards with accounting policies as applicable to charitable trusts or institutions
  • Detailed discussion on voluntary contributions, corpus donations, anonymous donations and capital gains with supporting case laws and illustrative examples
  • Activities of charitable trusts, institutions, NGOs and NPOs in India and outside in the form of Branch Offices and Liaison Offices
  • Covers important CBDT circulars, notifications and instructions as applicable to charitable trusts or institutions
  • Provides specimen of trust deeds, bye-laws of societies and MoA & AoA of section 8 companies
  • Recap at the end of each chapter giving a bird’s eye view
  • Comprehensive practical illustrations of complex topics for better understanding