Trust registration
This query is : Open
05 March 2018
We are running and form a trust for giving training to specific doctors (Bariatric, AWR Surgeons) this is specific clause in trust deed at the time of trust deed made.
Now my question is with this clause Shall i apply for 12A registration ? Or i need to modify the deed?
Now my question is with this clause Shall i apply for 12A registration ? Or i need to modify the deed?
05 March 2018
Types of educational Institutions eligible for exemption u/s 10(23C):
Educational institution dealt with in the Income tax Act is dependent on quantum of annual receipts. Any income received on behalf of educational institutions existing solely for educational purposes and not for purposes of profit, if the aggregate annual receipts do not exceed Rupees one crore is also exempt under sub-clause (iiiad) read with Rule 2BC.
12A registration not required if your trust falls in above category.
Educational institution dealt with in the Income tax Act is dependent on quantum of annual receipts. Any income received on behalf of educational institutions existing solely for educational purposes and not for purposes of profit, if the aggregate annual receipts do not exceed Rupees one crore is also exempt under sub-clause (iiiad) read with Rule 2BC.
12A registration not required if your trust falls in above category.
06 March 2018
Thanks you so much sir.
But for our trust we already crossed 1Cr total receipts because we received foreign funds also.
sir i am having another doubt, what are the documents we need to maintain relating to trust.(We are having different types of receipts, these are Only registration fees, Registration aswellas accomodation also)
Please give me clarity what is the information i need to maintain as an accountant.and what are all the sections i need to keep in mind relating to Trust?
But for our trust we already crossed 1Cr total receipts because we received foreign funds also.
sir i am having another doubt, what are the documents we need to maintain relating to trust.(We are having different types of receipts, these are Only registration fees, Registration aswellas accomodation also)
Please give me clarity what is the information i need to maintain as an accountant.and what are all the sections i need to keep in mind relating to Trust?
07 March 2018
Receiving foreign funds as donation registration under 12a required and FCRA registration and regulations to be followed.
07 March 2018
Sir,
Now i can apply for FCRA registration and what are the documents required for FCRA registration.
Please give me any alternate suggestion for claiming exemption for Filing ITR for 2016-17 .
Now i can apply for FCRA registration and what are the documents required for FCRA registration.
Please give me any alternate suggestion for claiming exemption for Filing ITR for 2016-17 .
07 March 2018
And another doubt Relating to GST for trust related activity.
We are received funds (Registration fees) on that we need to pay IGST (Because funds received from Individuals),
Now i am getting mail intimation from Superintendent, Trust is having Registration certificate of GST and not filled returns at all.
We are received funds (Registration fees) on that we need to pay IGST (Because funds received from Individuals),
Now i am getting mail intimation from Superintendent, Trust is having Registration certificate of GST and not filled returns at all.
07 March 2018
Once registered under GST you need to file GST return. Nil return is required to be filed.
07 March 2018
Sir, no need to pay any GST at all ( For receving registration fees), so i need to file Nil return at all.
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