Transcription of Assessment of Charitable Trusts and Institutions - Income Tax …
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Assessment of Charitable Trusts and Institutions - Income Tax …
Income TAX DEPARTMENTD irectorate of Income Tax (PR, PP & OL)6th Floor, Mayur Bhawan, Connaught Circus,New Delhi-110001 Tax Payers Information Series - 37 Assessment ofCharitable Trustsand InstitutionsThis booklet should not be construed as anexhaustive statement of the Law. In case of doubt,reference should always be made to the relevantprovisions in the Acts and the number of Non Governmental Organizations across theworld are supplementing the efforts of the Government in promotingsocial welfare and economic development. Tax administrations havealso recognized the voluntary efforts of these NGOs and providedtax incentives to those engaged in Charitable activities. The presentbooklet under Tax Payer Information Series is an attempt toeducate the taxpayers in NGO sector, be it a public trust orassociation or other non profit entity, of the reliefs provided underthe Income Tax Act, 1961 for Charitable activities.
Where they are too wide, the trust may not qualify for exemption.7 3.8 The onus to prove that objects are of charitable nature is on the assessee.8 RELIEF OF THE POOR 3.9 The establishment of an industrial or commercial concern ordinarily envisages a profit making activity9 and cannot be said to
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