Practical approach to the issues is a core requirement to deal with the complex problems or issues faced by various Charitable Trusts or Institutions, NGOs and NPOs. The far-reaching changes in 2021 and 2022 have been comprehensively covered. The provisions of the Companies Act, 2013 have been incorporated in the relevant chapters.
To harmonise both theory and practice is a science and an art. The theory and practice go well with the principles. Interaction with various stakeholders and practical exposure in handling complex cases over the years has provided the authors the skill and knowledge to bring out a comprehensive blend of theory and practice on this subject. This book comprehensively deals with not only the laws concerning the Charitable Trusts or Institutions, NGOs and NPOs but also, practical aspects and application of the statutory provisions and accounting. It has been demonstrated through illustrative examples for better understanding. The key areas covered in this book are Role of NGOs & NPOs; Transfer of Income without Transfer of Assets; Charity and Charitable Purpose; Formation and Management; Registration and Procedure for Registration; Breach of Trust and Rectification of Trust Deed; Income and Application of Income; Forfeiture of Exemptions; Voluntary Contributions (Donations); Business held in trust; Donor’s Benefit; Capital Gains for Charitable Trusts or Institutions; Method of Accounting, Audit of Accounts of Charitable Trust, Assessment of Charitable Trusts or Institutions; Taxation; Income Excluded; Corporate Governance; FCRA, International Activity, Liaison and Branch Office; Specimen Deeds; GST and Corporate Social Responsibility.
Author: Dr N Suresh