My client is a Co-operative Housing Society registered as "Trust". However we want to change the status to "AOP". The jurisdictional ward of the said ward denied authority to do the same on written application. Also PAN Correction form has no specific point for change in status of PAN. Is there any way out to change status from Trust to AOP other than cancelling the present PAN and applying for new one ? Please guide.
07 January 2016
my dear CA how you can change status from charity unless your surrender charity status to charity commissioner, after all you cannot have cake and eat it too.
09 January 2016
Sir, The said Co-operative Housing Society is not having charitable purpose. It is a residential society but was registered as Trust when PAN was applied for. The main activity of the society is to collect maintenance charges from the society members for the purpose of fulfilling joint and common expenses of the society. Also No certificate from Charity Commissioner have been obtained. Under this scenario is it possible to change the status from Trust to AOP without cancelling the old PAN and applying for new one ?
CAclubindia
