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DTSTART;TZID=UTC+0:20190914T090000
DTEND;TZID=UTC+0:20190914T174500
DTSTAMP:20260507T063231
CREATED:20190806T102826Z
LAST-MODIFIED:20190831T070113Z
UID:2176-1568451600-1568483100@ctconline.info
SUMMARY:FULL DAY SEMINAR ON CHARITABLE TRUSTS - CRITICAL ASPECTS (Jointly with Bombay Chartered Accountants' Society)
DESCRIPTION:\n\n\n\n\nCOMMERCIAL & ALLIED LAWS COMMITTEE\n\n\nChairman :\nRahul Hakani\n\n\nVice-Chairman :\nRanit Basu\n\n\nConvenors :\nAbhishek Tilak\, Ajinkya Udane\, Nihar Mankad\n\n\nAdvisor :\nPravin Veera\, K. K. Ramani\n\n\n\nCharitable Organizations are essentially formed to benefit the public at large. Government’s inability to create just and sustainable societies has prompted NGOs to help address a wide variety of social needs through various means and are working in the areas of providing relief and assistance to people at times of need in any part of the world\, especially who are the victims of war\, natural disaster\, catastrophe\, hunger\, disease\, poverty and orphans by supplying them with food\, shelter\, medical aid and other fundamental needs. \nCharities supplement the Government’s efforts to alleviate the problems faced by its citizens. Unfortunately\, in India\, charitable organisations are highly regulated. Some states (including Maharashtra) also have their own laws governing charitable trusts. Recent amendments in section 11\, 12AA\, proposed changes in audit report format\, section 115TD\, etc. have made compliances by NGOs really challenging. \n\n\n\nDate\n:\nSaturday\, 14th September\, 2019\n\n\nTime\n:\n9.00 am to 5.45 pm\n\n\nVenue\n:\nBCAS\, 7\, Jolly Bhavan No. 2\, New Marine Lines\, Mumbai 400 020\n\n\nFees\n:\nMembers: ₹ 2100/- + ₹ 378/- (18% GST) = ₹ 2478/-\nNon Members: ₹ 2500/- + ₹ 450/- (18% GST) = ₹ 2950/-\n(Fees is inclusive of Course Material\, if any\, Breakfast\, Lunch & Tea)\n\n\n\n\n\nWe are also aware of the Government action of cancelling registration of more than 10000 NGOs for violation of FCRA 2010. \nNGOs have been facing many issues right from registration under section 12AA to claiming exemptions\, and some of the recent amendments in the Income-tax Act have many far-reaching implications on the very functioning of the charitable trusts. They have been grappling with some vexatious issues which include: \n• Taxability of anonymous or pseudonymous donations\n• Application of Accumulated Income\n• Filing of Online audit report in Form 10B/10BB and Form 10 for accumulation\n• Adventurous interpretation of the Law with a view to tax the NGO’s\n• Denial for exemption in case of non-filing of tax return within the due date \nTo add to the complexities and increase the compliance\, a charitable trust has also to consider the provisions of GST\, which again has its own set of challenges and difficulties. \nFinance Bill 2019 has introduced a new concept of Social Stock Exchanges in India which are already prevalent in other countries like UK\, Singapore\, Canada\, etc. Will they help in the development and institutionalize the NGO sector? \nTo enable the profession to take on the challenges and to discharge professional responsibilities in a more informed manner\, and to apprise the stakeholders of the provisions of the law and compliances\, the Committee has organized this one-day Seminar. \n\n\nSr. No.\nTopics\nSpeakers\n\n\n1\n• Presentation on Important Procedural Aspects for Trustees and Professionals\n• Compliance and Issues under the Maharashtra Public Trusts Act\nMr. Sanjay Mehare(*)\nCharity Commissioner (MH)\n\n\n2\n• The various Advantages and Disadvantages of Charitable institutions viz-a-viz Private Trust\n• Interesting Aspects of the Proposed Social Stock Exchange\n• Issues related to Formation of Minority Status Trust in present times.\nCA Gautam Shah\n\n\n3\n• Issues on Taxation (including registration) of Charitable Trusts\, including recent amendments\n• Issues on Dissolution of Charitable Trust and Discussion regarding implication of section 115TD of the Income Tax Act.\n• Recent controversial decisions in direct tax for trust\nCA Gautam Nayak\n\n\n4\n• Issues under Foreign Contribution and Regulation Act (FCRA)\, 2010\n• Registration & Renewal\n• Compliance\n• Accounts & Audit\n• CSR Provisions related to Trusts\nCA Anil Sathe\n\n\n5\nIssues under Goods & Services Tax (GST) for the NGO’s\nCA Sunil Gabhawalla\n\n\n6\nHardships faced in the Office of Charity Commissioner\nMr. Rakesh Pandey\, Advocate\n\n\n7\nIssues of Charitable Institutions from Income Tax Point of View\nMr. Satish Sharma(*) CIT (Exemptions)\n\n\n8\nPanel Discussion on various issues relating to NGO’s\nMr. Satish Sharma (*) CIT (Exemptions)\nCA Gautam Nayak\, CA Anil Sathe\nCA Sunil Gabhawalla\nModerator: CA Chetan Shah\n\n\n(*) Subject to confirmation \n
URL:https://ctconline.info/event/full-day-seminar-on-charitable-trusts-critical-aspects-jointly-with-bcas/
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