Contents at a Glance

	BOOK 1 : CHARITABLE TRUSTS & INSTITUTIONS
	Section 1A : About Trust
1.	Forms of Charitable Trusts or Institutions
2.	Trust as Medium for Charitable Activity
3.	Public Charitable Trusts
4.	Religious Trusts
5.	Income Tax Provisions Governing Charitable Trusts and Institutions
	Section 1B : Constitution of Trust Through Deed
6.	Constitution of Charitable Entity Via Trust Deed Governing Principles
7.	Objects in Charitable Trust Deed Necessary Specification Thereof
8.	How to Prepare Charitable Trust Deed Also Sample Deeds
	Section 1C : Charitable Purpose As Defined Under Income Tax Law
9.	Definition of Charitable Purpose in Section 2(15)
10.	Relief to Poor, Education and Medical Relief Constituting Charitable Purpose
11.	Preservation of Environment, Monuments, Etc. as Charitable Purpose
12.	Any Other Object of General Public Utility in Section 2(15)
13.	Instances of General Public Utility Held to be Charitable Purpose or Otherwise
	Section 1D : Income Exemption Available to Charitable Trusts & Institutions
14.	Exemption to Charitable Trusts under Section 11
15.	Property Held under Trust in Section 11
16.	Property Held under Legal Obligation Vis-a-Vis Section 11 r/w Explanation 1 to Section 13
17.	Application of Income Condition Precedent As to Section 11 Exemption
18.	Circumstances Where Exemption Available in Spite of Application Falling Below Eighty Five Percent of Income [Explanation 2 to Section 11(1)]
19.	Permissible Accumulated or Set Apart Income Principles Regarding [Section 11(1)(a)]
20.	Capital Gains of Charitable Trusts or Institutions Computation and Tax Treatment [Section 11(1A)]
21.	Setting Apart or Accumulation of Income in Excess of 15% under Section 11(2)
22.	Accumulation of Income under Section 11(2) Procedural Aspects
23.	Inter Trust Donations Treatment for Income Exemption
24.	Compliances Specific Failure Consequences [Sections 11(1B), 11(3) & 11(3A)]
25.	Business Income of Charitable Trusts & Institutions Tax Treatment [Sections 11(4) and 11(4A)]
26.	Statutorily Prescribed Modes of Investment by Trusts & Institutions [Section 11(5)]
	Section 1E : Income of Charitable Trust or Institution Scope and Ambit
27.	Income of Charitable Trust Scope and Computation
28.	Treatment of Depreciation in the Hands of Charitable Trusts/ Institutions
29.	Income of Trust or Institutions from Voluntary Contributions [Section 12]
30.	Exemptibility of Corpus Donations [Sections 11(1)(d) and 12]
31.	Income Via Anonymous Donations Tax Treatment
	Section 1F : Registration and Audit The Conditions Precedent for Income Exemptions
32.	Registration of Charitable Trust or Institution [Section 12A(a)/(aa)]
33.	Procedure for Grant of Registration to Charitable Trust/Institution [Section 12AA]
34.	Cancellation of Registration of Charitable Trusts Circumstances as to
35.	Audit of Charitable Trust or Institution [Section 12A(b)]
	Section 1G : Forfeiture of Exemption to Charitable Trusts Law and Circumstances As to
36.	Forfeiture of Exemption Overview of Section 13
37.	Bar in Respect of Trust for Benefit of Specific Religious Community [Section 13(1)(b)]
38.	Benefit to Interested Persons Causing Bar to Exemption [Section 13(1)(c)]
39.	Investment of Trust Funds in Other than Specified Media as Barring Exemption [Section 13(1)(d)]
40.	Bar Due to Deemed User of Trusts Income by Interested Persons [Section 13(2)]
41.	Interested Persons in Section 13(1)(c) Identification and Issues, Regarding [Section 13(3)]
	Section 1H : Taxation of Charitable Trusts or Institutions
42.	Determination of Status of Trust As a Tax Entity
43.	Income Taxation of Charitable Trusts or Institutions [Section 164(2) and (3)]
44.	Filing of Income Tax Return by Charitable Trust/Institution [Section 139(4A)]
45.	Common Areas of Enquiry by Department While Handling Assessment of Charitable Trusts/Institutions
	Section 1-I : Trusts, Funds, Institutions Claiming Exemption under Section 10(23C)(iv)/(v)
46.	Income of Specified Institutions, Funds, Trust, Etc. for Charitable Purposes Exempt under Section 10(23C)(iv)/(v)
	BOOK 2 : NON-PROFIT EDUCATIONAL & MEDICAL INSTITUTIONS
	Section 2A : Eligibility for Income Exemption
47.	Education as Charitable Purpose and Scope of Education in the Context
48.	Medical Relief as Charitable Purpose
49.	Educational Institutions Eligible for Section 10(23C) Exemption
50.	Eligibility of Entities Merely Financing Educational or Medical Institution for Exemption
	Section 2B : Exemption Available to Educational & Medical Institutions
51.	Exemptions in Regard to Educational Institutions, Hospitals and Other Philanthropic Institutions
52.	Availing of Exemption by Educational Institutions
53.	Conditions for Availing of Exemption by Hospitals and Medical Institutions
54.	Overview of Provisos to Section 10(23C) Vis-a-Vis Exemption to Educational & Medical Institutions
55.	Requirements as to Application or Accumulation of Income by Educational and Medical Institution
56.	Business Income of Educational or Medical Institutions
57.	Procedural Aspects Vis-a-Vis Claim of Exemption by Institutions
	Section 2C : Taxation and Audit of Charitable, Educational & Medical Institutions
58.	Taxation of Voluntary Contributions Received by Educational or Medical Institution
59.	Capitation Fee Received by Educational & Medical Institutions
60.	Tax Treatment of Anonymous Donations Received by Educational or Medical Institutions
61.	Audit of Educational and Medical Institutions
62.	Filing of Return by Educational and Medical Institutions Claiming Exemption under Section 10(23C)
63.	Investigation and Verification by Department in Case of Educational Institutions
	Section 2D : Conveyancing Aspects
64.	Conveyancing Solutions
65.	Sample Draft Deed of Trust for Charitable Dispensary or Hospital
66.	Sample Draft Deeds of Charitable Educational Trust
	BOOK 3 : FOR PROFIT EDUCATIONAL & MEDICAL INSTITUTIONS
	SECTION 3A : GENERAL
67.	Preferred Entities for Commercially Run Hospitals and Educational Institutions
68.	Computation of Profits and Gains of Educational & Medical Institutions
	Section 3B : Allowable Deductions & Disallowances
69.	Depreciation Allowance Available to Commercially Run Educational & Medical Institutions
70.	Deduction Relating to Expenditure on Scientific Research
71.	Allowability of Particular Expenditures Incurred by Educational & Medical Institutions
72.	Allowability of General Expenditure under Section 37(1)
73.	Disallowance of Certain Expenses While Computing Business Income of Educational and Medical Institutions
	Section 3C : Incentives Available to Educational and Medical Institutions
74.	Investment Linked Incentive Available under Section 35AD to Certain New Hospitals
75.	Company Engaged in Business of Bio-Technology or in Business of Manufacture of Drugs, Etc. Eligible for Weighted Deduction under Section 35(2AB)
76.	Deduction under Section 80-IB(11B) to Hospitals Operated and Maintained in Rural Areas
77.	Deduction under Section 80-IB(11C) to Hospitals Operated and Maintained in Non-Metro Cities
78.	Deduction Under Section 80-IE to Nursing Homes and Certain Institutions in North Eartern States
	Section 3D : Requirement As to Books of Accounts & Audit
79.	Requirements Regarding Maintenance of Books of Accounts
80.	Method of Accounting for Income Tax Purposes
81.	Audit Requirements
	BOOK 4 : TAX BENEFITS TO DONORS
82.	Donation to Charitable Entities and Deduction under Section 80G
83.	Donation for Scientific Research Eligible for Deduction under Section 80GGA
84.	Payment by Institution to National Laboratories, Universities and Indian Institutes of Technology Eligible for Weighted Deduction under Section 35(2AA)
85.	Contribution to Eligible Project Entitled to Deduction under Section 35AC
86.	Payment to Associations and Institutions for Carrying Out Rural Development Programmes Eligible for Deduction under Sec. 35CCA
	BOOK 5 : ACCOUNTING BY TRUSTS AND INSTITUTIONS
87.	Applicability of Accounting Standards to Trusts and Institutions
88.	Revenue Recognition by Trusts and Institutions [AS-9]
89.	Accounting of Government Grants by Trusts and Institutions [AS-12]
90.	Requirements as Per Other Important Accounting Standards
91.	Preparation of Annual Accounts by Trusts or Institutions
92.	Guidance Notes As to Accounting in Case of Schools
93.	Guidance Notes As to Accounting for Hospitals
	BOOK 6 : APPLICABILITY OF MUTUALITY PRINCIPLE AND PRACTICE SPECIFIC ISSUES VIS-A-VIS TRUSTS AND INSTUTITIONS
94.	Applicability of Mutuality Principle to Trusts or Institutes
95.	Application for PAN
96.	Obligations Regarding TDS
97.	Effect of Foreign Contribution Regulation Act (FCRA)
	BOOK 7 : OVER ALL SERVICE TAX PERSPECTIVE
98.	Service Tax Basics
99.	Service-tax on Educational Institutions
100.	Service-tax on Cosmetic or Plastic Surgical Service
101.	Health Care Service
102.	Charitable or Religious Activity