TRUSTS & SECTION 8 COMPANIES

Charitable trusts, societies and Section 8 companies must meet specific conditions under the Income Tax Act to keep their income exempt and to give tax benefits to their donors. We help non-profits set up correctly and stay compliant year after year.

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Our services include:

• Registration and approval with the Income Tax Department, including renewals and approval for donor deductions

• Annual audit of accounts and filing of the audit report

• Income tax returns for trusts and institutions

• Tracking of application of income, accumulations and corpus donations

• Replies to notices and representation at hearings before the Commissioner of Income Tax (Exemptions)

• Advice on donations and transactions with trustees, directors and related parties