Question ID :
40764
Trust Or Society ?
One of my client wants to conduct charitable activities by taking DONATION from PUBLIC.
Whether can he do by forming a society ?
Or is he required to form a trust ?
Posted by
ANIT MOHAPATRA
on
Aug 06, 2020
Filed Under
MISC.
Trust or Society both are covered under not for profit organizations.
At least 7 members are required to form society and 2 members for trust.
So, deal accordingly.
and please read section 2 (15) of the Income Tax Act, 1961 definition of "Charitable activity"
Posted by
ANUJ JAISWAL on
Aug 08, 2020