CHARITABLE AND RELIGIOUS TRUSTS AND INSTITUTIONS FORMATION, MANAGEMENT & TAXATION -Under Income Tax Law As Amended by Finance act 2025by Ram Dutt Sharma
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Get the 10th Edition (2025) of Formation, Management & Taxation of Charitable & Religious Trusts & Institutions by Ram Dutt Sharma, a comprehensive 1320-page guide on laws, compliance, and tax aspects for trusts. ISBN: 9789356039650. Published by Commercial Law Publishers, Flat 25% Discount + Free Shipping for BANGALORE a limited period!
| Chapter | Content | Page |
| 1 | Introduction | 1 |
| 2 | Public Institutions Exempt from Tax | 12 |
| 3 | Non-Governmental Organisation (NGO) | 28 |
| 4 | Laws Governing Trusts/Institutions in India | 37 |
| 5 | Trust | 42 |
| 6 | Trust Created by Book Entries. | 57 |
| 7 | Public Trust | 61 |
| 8 | Private Trust | 74 |
| 9 | Family Trusts | 120 |
| 10 | Religious Trust | 124 |
| 11 | Society | 148 |
| 12 | Private Limited Non-Profit Company | 155 |
| 13 | Wakf (Charitable Trust) | 168 |
| 14 | Business Trust [Section 2(13A)] | 180 |
| 15 | Electoral Trust [Section 2(22AAA) & Section 13-B] | 189 |
| 16 | Unregistered Trust | 205 |
| 17 | Trust Deed for Trust/Institutions | 220 |
| 18 | Types of Registration of a Charitable & Religious Trust | 247 |
| 19 | Status of Charitable Trust or Institutions | 250 |
| 20 | Source of Income of a Trust | 252 |
| 21 | Foreign Contribution | 257 |
| 22 | Rental Income of Trusts/Institutions | 288 |
| 23 | Agricultural Income of Trust | 297 |
| 24 | Charitable Purpose [Section 2(15)] | 301 |
| 25 | Charitable Objects – ‘Relief of the Poor | 315 |
| 26 | Charitable Objects – ‘Education | 324 |
| 27 | Charitable Objects – ‘Yoga. | 349 |
| 28 | Charitable Objects – ‘Medical Relief’ | 354 |
| 29 | Charitable Objects – ‘Prevention of the Environment (Including Watersheds, Forests and Wildlife) | 359 |
| 30 | Charitable Objects – ‘Preservation of Monuments or Places or Objects of Artistic or Historic Interest | 366 |
| 31 | Charitable Objects – ‘Advancement of any Other Object of General Public Utility | 368 |
| 32 | Income Includes Voluntary Contributions Received by a Trust | 400 |
| 33 | Educational and Medical Institutions | 404 |
| 34 | Universities or Other Educational Institutions. | 408 |
| 35 | Hospitals or Other Medical Institutions | 423 |
| 36 | Exemption of Income of any University or Other Educational Institution Substantially Financed by Government | 435 |
| 37 | Exemption of Income of any Hospital or Other Institution Wholly or Substantially Financed by Government | 441 |
| 38 | Exemption for the Income Received by any University or Other Educational Institution if the Aggregate Annual Receipts do not Exceed Five Crore Rupees | 445 |
| 39 | Exemption for the Income Received by any Hospital or Hospitals or Institution or Institutions if Annual Receipts do not Exceed Five Crore Rupees | 450 |
| 40 | Approved Fund or Institution Established for Charitable Purposes | 455 |
| 41 | Approved Trust (Including Legal Obligation) or Institution only for Public Religious Purposes or Wholly for Public Religious and Charitable Purposes | 462 |
| 42 | Any University or Other Educational Institution Approved by the Principal Commissioner or Commissioner | 468 |
| 43 | Exemption for the Income Received by any Hospital or Other Institution do not Exceed Five Crore Rupees……….. | 491 |
| 44 | Provisos to Clause (23C) of Section 10 | 494 |
| 45 | Essential Conditions for Claiming Exemptions under Section 11 | 541 |
| 46 | Trust Eligible for Exemption under Section 11 | 546 |
| 47 | Income from Property held under Trust for Charitable and Religious Purposes [Section 11(1)] | 561 |
| 48 | Trust Created wholly for Charitable or Religious Purposes and Applying (or Accumulating) their Income to Such Purposes, in India [Section 11(1)(a)] | 581 |
| 49 | Income from Property held under Trust which is Applied in Part Only for Charitable or Religious Purposes [Section 11(1)(b)] | 593 |
| 50 | Income from Property held under Trust which is Applied for Charitable Purposes Outside India [Section 11(1)(c)] | 596 |
| 51 | Voluntary Contribution Forming Part of Corpus [Section 11(1)(d)] | 602 |
| 52 | Where the Income Applied to Charitable causes falls short of 85% of the Income Derived [Explanation 1 to Section 11(1)] | 627 |
| 53 | Donation towards Corpus not Allowed as Application of Income [Explanation 2 to Section 11(1)] | 630 |
| 54 | Disallowance due to TDS Violation & Cash Payments [Explanation 3 to Section 11(1)] | 631 |
| 55 | Trust may at its option Treat such Corpus Donation as Forming part of the Corpus Donation Subject to the Conditions [Explanation 3A to Section 11(1)] | 632 |
| 56 | For the Purposes of Explanation 3A, where any Trust or Institution has Treated any Sum Received by it as Forming part of the Corpus and subsequently any of the Conditions specified in clause (a), (b), (c) or clause (d) thereof are Violated, such Sum shall be deemed to be the Income of such Trust or Institution [Explanation 3B to Section 11(1)] | 634 |
| 57 | For the Purpose of Determining the Amount of Application of Income under Clause (a) or Clause (b) to Section 11(1) [Explanation 4 to Section 11(1)] | 635 |
| 58 | No Carry Forward is Allowed [Explanation 5 to Section 11(1)] | 644 |
| 59 | Capital Gains Deemed to be Applied for Charitable/Religious Purposes [Section 11(1A)] | 645 |
| 60 | Consequences if the Income is not Actually Applied within the Prescribed Period after Exercising the Option [Section 11(1B)] | 661 |
| 61 | Accumulation of Income in Excess of 15% of the Income Earned [Section 11(2)] | 663 |
| 62 | Understanding of Form No. 9A and Form No. 10 | 681 |
| 63 | Withdrawal of Exemption Granted to Income Accumulated under Section 11(2) [Section 11(3)] | 701 |
| 64 | Circumstances where the Accumulated Income in Excess of 15% can be Utilised for a Purpose other than that for which it was Accumulated [Section 11(3A)] | 708 |
| 65 | Income from a Business Carried on by the Trust [Section 11(4)] | 711 |
| 66 | Profits and Gains from Incidental Business [Section 11(4A)] | 722 |
| 67 | Modes of Investment or Deposits by a Charitable or Religious Trust or Institution [Section 11(5)] | 745 |
| 68 | For the Purpose of Accumulation or Setting Apart of Income for Application, Depreciation on Assets, the Acquisition of which has been Claimed as Application shall not be Allowed [Section 11(6)] | 760 |
| 69 | Assessee can either Obtain Registration under Section 12AB or Obtain Approval under Section 10(23C), but he cannot Adopt both [Section 11(7)] | 763 |
| 70 | Voluntary Contributions (Donation) not Forming Part of Corpus of the Trust or Institution Treated as Income [Section 12(1)] | 771 |
| 71 | Value of Medical/Educational Services Provided to Specified Persons by Trust Running Hospitals and Educational Institution – Exemption under Section 11 shall not be Available for Services Provided to Specified Persons [Section 12(2)] | 777 |
| 72 | Amount of Donation Received by the trust or Institution which has been Utilised for Purposes other than Providing Relief to the Victims of Earthquake in Gujarat or which Remains unutilised and not Transferred to the Prime Minister’s National Relief Fund shall be Deemed to be the Income Charged to Tax [Section 12(3)] | 779 |
| 73 | Conditions for Applicability of Sections 11 and 12 [Section 12A(1)] | 780 |
| 74 | No Benefit of Exemption for Past Years [Section 12A(2)] | 792 |
| 75 | Section 12AA – Procedure for Registration [As applicable up to 31.03.2021] | 795 |
| 76 | Cancellation of Registration of the Trust or Institution [Section 12AA(3) & 12AA(4)] [As applicable up to 31.03.2021] | 844 |
| 77 | Procedure for fresh Registration of a Trust/Institution [Section 12AB : Applicable from 01.04.2021] | 859 |
| 78 | Cancellation of Registration or Provisional Registration of a Trust or an Institution under Certain Circumstances [Section 12AB(4) & Section 12AB(5)] | 893 |
| 79 | Merger of Charitable Trusts or Institutions under First Regime with Second Regime [Section 12AC]. | 909 |
| 80 | Forfeiture of Exemption to Trust and Institutions [Section 13(1)] | 911 |
| 81 | Income for the Benefit of a Person Specified in Section 13(3) [Section 13(2)] | 938 |
| 82 | Meaning of Specified Persons (as Referred to in Clause (c) of Sub-section (1) and Sub-section (2) of Section 13) [Section 13(3)] | 947 |
| 83 | Exemption shall not be Denied if the Investment of the Trust or Institution, in a Concern, in which the Specified Person has a Substantial Interest [Section 13(4)] | 954 |
| 84 | Exemption under Sections 11 and 12 shall not be denied if Debentures purchased after 28.02.1983 but before 25.07.1991 do not continue to remain invested beyond 31.03.1992 [Section 13(5)] | 956 |
| 85 | Charitable Trusts do not Lose Exemption if Educational or Medical Facilities Provided to Specified Persons [Section 13(6)] | 957 |
| 86 | Anonymous Donation Specified in Section 115BBC not Exempt [Section 13(7)] | 958 |
| 87 | When Commercial Receipts Exceed the Specified Threshold [Section 13(8)] | 959 |
| 88 | In Case Return is not Filed by Prescribed Date then Benefit of Accumulation under Section 11(2) will not be Available [Section 13(9)] | 960 |
| 89 | Allowing Certain Expenditure Incurred for its Objects, Subject to Certain Conditions in Case of Denial of Exemption [Section 13(10)] | 961 |
| 90 | No Deduction in Respect of any Expenditure or Allowance or Set-Off of any Loss shall be Allowed to the Assessee under any Other Provision [Section 13(11)] | 966 |
| 91 | Procedure for Registration for Exemption Certificate under Section 80G. | 967 |
| 92 | Requirement to File Statement of Donation and Issuance of Certificate to Donor [Rule 18AB & Forms 10BD & 10BE] | 1017 |
| 93 | Anonymous Donations to be Taxed in Certain Cases [Section 115BBC] | 1020 |
| 94 | Specified Income of Certain Institutions [Section 115BBI] | 1039 |
| 95 | Special Provisions Relating to Tax on Accreted Income of Certain Trusts and Institutions [Sections 115TD, 115TE and 115TF] | 1041 |
| 96 | Furnishing of Return of Income by Trust/Institution | 1061 |
| 97 | Application of Income | 1074 |
| 98 | Not Allowed as Application of Income | 1108 |
| 99 | Inter-Charity Donations (One Charitable Trust to Another) | 1111 |
| 100 | Tax Deducted at Source (TDS) Obligations of Trust/Institutions | 1126 |
| 101 | Penalties in Trust/Institution Cases | 1136 |
| 102 | Maintenance of Books of Accounts by the Trust or Institutions | 1146 |
| 103 | Audit of Accounts of Trusts/Institutions & Audit Report | 1158 |
| 104 | Audit Report : Form 10B and Form 10BB for Charitable Trusts/Institutions [Tenth proviso to clause (23C) of section 10 & Section 12A(1)(b)] | 1167 |
| 105 | Extinguishment/Revocation of Trust | 1196 |
| 106 | Liability in Special Cases | 1199 |
| 107 | Trusts/Institutions : Rate of Tax | 1203 |
| 108 | Computation of Income of Trust/Institution | 1223 |
| 109 | Income Tax Assessment of Charitable or Religious Trust or Institution | 1227 |
| 110 | Limitation/Compliance Period in Respect of Various Procedures, Applications, etc., for Trust or Institution | 1236 |
| 111 | Meaning of Important Terms | 1249 |
| 112 | Important Forms | 1259 |
