Compliance list for Trust
bharati chandra
aditya savla
--
--
************************************************
Mail your comments, feedback and suggestions on CSMysore to Moderator: datta...@gmail.com and Manager: vivekhe...@gmail.com
---
You received this message because you are subscribed to the Google Groups "CSMysore" group.
To unsubscribe from this group and stop receiving emails from it, send an email to csmysore+u...@googlegroups.com.
To view this discussion on the web visit https://groups.google.com/d/msgid/csmysore/CAJiasdQXj0Wo1uVYfNsh8JLF0OW4a7jKNJdLvwpGoM3zedaFeA%40mail.gmail.com.
Ram J
Annual Filing: The trust must file its annual return in Form 10B with the Income Tax Department by the due date. The due date for filing the return is 31st October of the relevant assessment year.
Audit of Accounts: The trust must get its accounts audited by a chartered accountant and file the audited statements along with the annual return. The audit report should be in Form 10BB.
Income Tax Returns: The trust must file its income tax return every year in Form ITR-7 (if 12A registration has been done, otherwise file ITR-5). The due date for filing the return is 31st October of the relevant assessment year.
TDS Returns: If the trust has deducted tax at source on payments made to vendors or contractors, it must file quarterly TDS returns in Form 26Q/27Q.
FCRA Returns: If the trust receives foreign contributions, it must file quarterly and annual returns in Form FC-4 under the Foreign Contribution Regulation Act (FCRA).
Board Meetings: The trust must hold regular board meetings and maintain minutes of the meetings.
Annual General Meetings: The trust must hold an annual general meeting, which should be open to all members of the trust.
Donor Receipts: The trust must issue receipts to donors for any donations made to the trust. The receipts should have the trust's name, address, PAN, and registration number. File Form 10BD so that donors can avail exemption under Section 80G.
Registrations under other laws: Depending on the activities of the trust, it may be required to register under other laws such as Goods and Services Tax (GST) and the Shops and Establishment Act.
