Charitable Trust Answers
Please let me know if a charitable trust have to pay service tax under the Service Tax Act?
Q. for "Commercial Training and coaching" in India. What are the circumstances under which service tax is not payable by an educational institution.
Asked by - Sat Jan 16 04:54:42 2010 - India - 1 Answers - Comments
A. Imposition of service tax has nothing to do with the banner from which service is rendered. Finance Act has not given any exemption to charitable or similar other organinsation for rendering "Commercial Training and Coaching Services". However following services are exempt and not liable to tax by any type of banner. 1-Sports Training 2- Pre School Training Centre 3- Degree or Diploma by any institutions. 4- Tutions services by any individual at own house 5- Hobby Classes 6- Vocational Classes 7- Recreational Training
Answered by SANTOSH KUMAR - Sat Jan 16 07:50:34 2010
Q. for "Commercial Training and coaching" in India. What are the circumstances under which service tax is not payable by an educational institution.
Asked by - Sat Jan 16 04:54:42 2010 - India - 1 Answers - Comments
A. Imposition of service tax has nothing to do with the banner from which service is rendered. Finance Act has not given any exemption to charitable or similar other organinsation for rendering "Commercial Training and Coaching Services". However following services are exempt and not liable to tax by any type of banner. 1-Sports Training 2- Pre School Training Centre 3- Degree or Diploma by any institutions. 4- Tutions services by any individual at own house 5- Hobby Classes 6- Vocational Classes 7- Recreational Training
Answered by SANTOSH KUMAR - Sat Jan 16 07:50:34 2010
Why do I have to pay Estate Tax on Charitable Reminder Trust?
Q. My husband died in Dec 2008 and we are filing his 706. Why does the estate pay and then we pay again when the CRT pays income? His charitable reminder trust was 20 years or his life. There are 4 more years, 2012. thanks
Asked by - Mon Mar 8 22:29:56 2010 - United States - Answers - Comments
A. The estate paid the tax on the money that was already in the trust when he died. You pay tax on the money that was earned later. It is not the same money. Similarly, if I earn money at a job, pay tax on it, and then earn more money at another job, I pay tax on that money, too, even though I have already paid tax on other money.
Answered by StephenWeinstein - Tue Mar 9 00:34:46 2010
Q. My husband died in Dec 2008 and we are filing his 706. Why does the estate pay and then we pay again when the CRT pays income? His charitable reminder trust was 20 years or his life. There are 4 more years, 2012. thanks
Asked by - Mon Mar 8 22:29:56 2010 - United States - Answers - Comments
A. The estate paid the tax on the money that was already in the trust when he died. You pay tax on the money that was earned later. It is not the same money. Similarly, if I earn money at a job, pay tax on it, and then earn more money at another job, I pay tax on that money, too, even though I have already paid tax on other money.
Answered by StephenWeinstein - Tue Mar 9 00:34:46 2010
What is the address of Sub-Registrar's office for registering a charitable trust in Delhi?
Q. I live in Gurgaon & Trust's regd office will be in Gurgaon (DLF). 1) Can I register a charitable trust in Delhi. 2) If so, please send me the address of the office of Sub-Registrar of Trusts in Delhi.
Asked by standon - Thu May 21 01:45:05 2009 - Corporations - 2 Answers - Comments
A. It is in Patparganj. Go to site : delhigovt. com
Answered by PRATAP S - Thu May 21 02:29:36 2009
Q. I live in Gurgaon & Trust's regd office will be in Gurgaon (DLF). 1) Can I register a charitable trust in Delhi. 2) If so, please send me the address of the office of Sub-Registrar of Trusts in Delhi.
Asked by standon - Thu May 21 01:45:05 2009 - Corporations - 2 Answers - Comments
A. It is in Patparganj. Go to site : delhigovt. com
Answered by PRATAP S - Thu May 21 02:29:36 2009
Can the name of a public charitable trust be changed?
Q. A charitable trust was formed some years back. Now, we wish to expand the trust property, but we also wish to change the name of the trust as desired by the main fund donor of the present trust. Can we do it and how to do?
Asked by kamalladdha - Tue Jul 12 07:49:56 2011 - India - 1 Answers - Comments
A. Yes it can be done with amending Trust Deed and giving referance of orignal deed and need of changes.If Trust is registered trust then amended deed also to be registered with Registrar.
Answered by SANTOSH KUMAR - Tue Jul 12 08:02:58 2011
Q. A charitable trust was formed some years back. Now, we wish to expand the trust property, but we also wish to change the name of the trust as desired by the main fund donor of the present trust. Can we do it and how to do?
Asked by kamalladdha - Tue Jul 12 07:49:56 2011 - India - 1 Answers - Comments
A. Yes it can be done with amending Trust Deed and giving referance of orignal deed and need of changes.If Trust is registered trust then amended deed also to be registered with Registrar.
Answered by SANTOSH KUMAR - Tue Jul 12 08:02:58 2011
how should i write an experience letter for working as a doctor in a charitable trust hospital? please help?
Q. i have done a job in a charitable trust hospital. i want to write an experience letter for me after finishing that job.please help me through this.
Asked by - Sun Jan 17 00:05:48 2010 - Community Service - 1 Answers - Comments
A. hi Dr. Pooja, Well as i can understand you want to write a letter to the management narrating your experience while working with the charitable trust hospital and not your working experience in a CV. Please write your experiences while on the job in simple words, irrespective if it was good or bad, with regard to infrastructure (facilities during day time, emergency, diagnostic equipments, lacking facilities, behaviour of professional colleagues, staff and volunteers at help, with patients and every one including working team, availability of medicinal support, cleanliness and hygiene, food for patients and many more according to the environment of the workplace. Your pleasant experiences with regard to doctor - patient relations, ground… [cont.]
Answered by brijgupta46@yahoo.com - Sun Jan 17 00:57:10 2010
Q. i have done a job in a charitable trust hospital. i want to write an experience letter for me after finishing that job.please help me through this.
Asked by - Sun Jan 17 00:05:48 2010 - Community Service - 1 Answers - Comments
A. hi Dr. Pooja, Well as i can understand you want to write a letter to the management narrating your experience while working with the charitable trust hospital and not your working experience in a CV. Please write your experiences while on the job in simple words, irrespective if it was good or bad, with regard to infrastructure (facilities during day time, emergency, diagnostic equipments, lacking facilities, behaviour of professional colleagues, staff and volunteers at help, with patients and every one including working team, availability of medicinal support, cleanliness and hygiene, food for patients and many more according to the environment of the workplace. Your pleasant experiences with regard to doctor - patient relations, ground… [cont.]
Answered by brijgupta46@yahoo.com - Sun Jan 17 00:57:10 2010
Foreign charitable trust wanting to trade options in the USA?
Q. What are the tax obligations for a Foreign Charitable Trust, designed to supply GRANTS for education of foreign students ) with a W8 BEN and Federal I.D. number, wanting to trade options on the CBOE with a broker in the USA. As the US dollar is international currency, we keep a US dollar account in a USA bank, for reserves, ( spread risk because of devaluation and inflation in local currency ) but want to increase our interest return by trading options online.
Asked by - Sun May 16 09:21:46 2010 - Personal Finance - 2 Answers - Comments
Q. What are the tax obligations for a Foreign Charitable Trust, designed to supply GRANTS for education of foreign students ) with a W8 BEN and Federal I.D. number, wanting to trade options on the CBOE with a broker in the USA. As the US dollar is international currency, we keep a US dollar account in a USA bank, for reserves, ( spread risk because of devaluation and inflation in local currency ) but want to increase our interest return by trading options online.
Asked by - Sun May 16 09:21:46 2010 - Personal Finance - 2 Answers - Comments
What is the first step in creating a charitable trust fund?
Q. I'm 18 years old, and one of my life goals is to set up a charitable trust fund, payable mostly to economic development, UNICEF, and a few others. I only have about $2,000 at the moment, and not sure how to begin right now. I'm planning on entering medicine, so there should be some money in the coffers eventually, but nothing significant for at least the next 10-15 years. Your help is greatly appreciated!
Asked by gabe s - Sun Nov 26 15:58:27 2006 - Investing - 2 Answers - Comments
A. Make an appointment with an attorney - preferably someone who specializes in this kind of thing.
Answered by Jo Jo - Sun Nov 26 16:09:13 2006
Q. I'm 18 years old, and one of my life goals is to set up a charitable trust fund, payable mostly to economic development, UNICEF, and a few others. I only have about $2,000 at the moment, and not sure how to begin right now. I'm planning on entering medicine, so there should be some money in the coffers eventually, but nothing significant for at least the next 10-15 years. Your help is greatly appreciated!
Asked by gabe s - Sun Nov 26 15:58:27 2006 - Investing - 2 Answers - Comments
A. Make an appointment with an attorney - preferably someone who specializes in this kind of thing.
Answered by Jo Jo - Sun Nov 26 16:09:13 2006
is there any charitable trust to help the poor persons who met a serious accident?
Q. one of my relatives ,who is very poor,met an accident in which he was very damaged and went into coma. doctors are saying that a major operation is necessary to him,which costs rs 1000.he and his parents are very poor.we are residents of avillage in india.he wants a financial help from others. is there any way to get help.
Asked by ranga - Sun Dec 9 04:25:15 2007 - Yahoo! Finance - 1 Answers - Comments
A. approach amrita hospital in kochi or satyasai hospital in putabarthi,banglore.if you need more details give email/im
Answered by madhavan n - Sun Dec 9 04:29:13 2007
Q. one of my relatives ,who is very poor,met an accident in which he was very damaged and went into coma. doctors are saying that a major operation is necessary to him,which costs rs 1000.he and his parents are very poor.we are residents of avillage in india.he wants a financial help from others. is there any way to get help.
Asked by ranga - Sun Dec 9 04:25:15 2007 - Yahoo! Finance - 1 Answers - Comments
A. approach amrita hospital in kochi or satyasai hospital in putabarthi,banglore.if you need more details give email/im
Answered by madhavan n - Sun Dec 9 04:29:13 2007
What are the benefits (if any) of donating your estate to a Charitable Trust?
Q. Would you ever consider it, and Why? I am interested in specific benefits and processes to go though the process of transferring real estate or bonds...
Asked by MeerKatje - Sat Jul 15 01:32:13 2006 - United States - 2 Answers - Comments
A. Often you can get an annuity in return for your generous contribution. In the USA, you can get an immediate tax deduction for the donation then receive partially tax-free income for life. Here is a site that is promoting such donations in my area: I'd consider it if I were in one of two situations. First is not having any family to give it to. Second is having excess wealth... for I believe in Warren Buffet's comment, "I want to give my kids enough so that they could feel that they could do anything, but not so much that they could do nothing."
Answered by Daniel L - Sat Jul 15 03:22:01 2006
Q. Would you ever consider it, and Why? I am interested in specific benefits and processes to go though the process of transferring real estate or bonds...
Asked by MeerKatje - Sat Jul 15 01:32:13 2006 - United States - 2 Answers - Comments
A. Often you can get an annuity in return for your generous contribution. In the USA, you can get an immediate tax deduction for the donation then receive partially tax-free income for life. Here is a site that is promoting such donations in my area: I'd consider it if I were in one of two situations. First is not having any family to give it to. Second is having excess wealth... for I believe in Warren Buffet's comment, "I want to give my kids enough so that they could feel that they could do anything, but not so much that they could do nothing."
Answered by Daniel L - Sat Jul 15 03:22:01 2006
I want to make a Charitable trust, So I need money, How does I taking help ?
Q.
Asked by Chandra nath S - Fri Feb 1 03:29:52 2008 - Community Service - 2 Answers - Comments
A. You have to start with a board of directors -- a group of people dedicated to the idea of this charitable trust and who are willing to donate the money needed to get you started. Is your trust going to provide services, or, is it going to provide funding for NGOs to provide services? Have you talked to anyone running such an organization in your own country, to learn first hand how things are done?
Answered by Jayne says READ MORE BOOKS - Fri Feb 1 03:34:10 2008
Q.
Asked by Chandra nath S - Fri Feb 1 03:29:52 2008 - Community Service - 2 Answers - Comments
A. You have to start with a board of directors -- a group of people dedicated to the idea of this charitable trust and who are willing to donate the money needed to get you started. Is your trust going to provide services, or, is it going to provide funding for NGOs to provide services? Have you talked to anyone running such an organization in your own country, to learn first hand how things are done?
Answered by Jayne says READ MORE BOOKS - Fri Feb 1 03:34:10 2008
Can I form a Charitable Trust with thousands of members . For best suggestion i shall send a surprize gift .?
Q. I am interested to form a charitable trust which will be aglobal organisation . Can I register it under trust act . if i register it under the act , can thousand members be involved in the trust / i need this answer to start anoble organisation .
Asked by dhalniranjan - Thu Jul 27 15:36:55 2006 - Law & Ethics - 1 Answers - Comments
A. you can do anything if you put your mind to it
Answered by mobjob - Thu Jul 27 15:39:28 2006
Q. I am interested to form a charitable trust which will be aglobal organisation . Can I register it under trust act . if i register it under the act , can thousand members be involved in the trust / i need this answer to start anoble organisation .
Asked by dhalniranjan - Thu Jul 27 15:36:55 2006 - Law & Ethics - 1 Answers - Comments
A. you can do anything if you put your mind to it
Answered by mobjob - Thu Jul 27 15:39:28 2006
Can anyone help with these charitable trust questions please ?
Q. 1) How does a charitable trust work ? 2) How do you apply for help for a charity from a charitable trust ? Thanks
Asked by Drewperhero - Mon Aug 2 12:37:53 2010 - Community Service - 2 Answers - Comments
A. CC21 - Registering as a Charity This guidance is about some of the issues that you may want to consider if the charity is in England or Wales www.charity-commission.gov.uk/Publications/cc21.aspx
Answered by Jayne says READ MORE BOOKS - Mon Aug 2 13:41:56 2010
Q. 1) How does a charitable trust work ? 2) How do you apply for help for a charity from a charitable trust ? Thanks
Asked by Drewperhero - Mon Aug 2 12:37:53 2010 - Community Service - 2 Answers - Comments
A. CC21 - Registering as a Charity This guidance is about some of the issues that you may want to consider if the charity is in England or Wales www.charity-commission.gov.uk/Publications/cc21.aspx
Answered by Jayne says READ MORE BOOKS - Mon Aug 2 13:41:56 2010
I want to open a charitable trust. I need some suggestions on the procedure to start the trust in india.?
Q. Can please someone give me the document or provide me the link to have a look at the details on how to open a charitable trust? planning to open a trust in india. Specifically in karnataka if it is state specific.
Asked by murthy m - Wed Jun 4 22:46:28 2008 - Community Service - 3 Answers - Comments
A. You must go to the "Registrar, co-operative Society". The office is situated at all district head quarters. They will help you in your project.
Answered by Prem M - Fri Jun 6 06:16:58 2008
Q. Can please someone give me the document or provide me the link to have a look at the details on how to open a charitable trust? planning to open a trust in india. Specifically in karnataka if it is state specific.
Asked by murthy m - Wed Jun 4 22:46:28 2008 - Community Service - 3 Answers - Comments
A. You must go to the "Registrar, co-operative Society". The office is situated at all district head quarters. They will help you in your project.
Answered by Prem M - Fri Jun 6 06:16:58 2008
I want to will my property to some charitable trust which should undertake for my peaceful oldage.help me?
Q. This will should be irrevocable on the condition that the trust take full responsibility of my good maitenance in oldage and other sicknesses.
Asked by Durga - Wed Jan 6 02:52:35 2010 - Other - Family & Relationships - 1 Answers - Comments
A. There are many charities that will do that. Age Concern may be able to direct you.
Answered by alan h - Wed Jan 6 03:29:22 2010
Q. This will should be irrevocable on the condition that the trust take full responsibility of my good maitenance in oldage and other sicknesses.
Asked by Durga - Wed Jan 6 02:52:35 2010 - Other - Family & Relationships - 1 Answers - Comments
A. There are many charities that will do that. Age Concern may be able to direct you.
Answered by alan h - Wed Jan 6 03:29:22 2010
i want to open a charitable trust . i need some suggestions to start the trust in ahmedabad?
Q. give more n more good suggestions to start new charity trust.what process start charity trust.
Asked by dipu - Sat Jul 12 01:45:59 2008 - Community Service - 1 Answers - Comments
A. contact some experience chartered accountant.
Answered by KHS - Sun Jul 13 09:47:42 2008
Q. give more n more good suggestions to start new charity trust.what process start charity trust.
Asked by dipu - Sat Jul 12 01:45:59 2008 - Community Service - 1 Answers - Comments
A. contact some experience chartered accountant.
Answered by KHS - Sun Jul 13 09:47:42 2008
Can a corporation contribute to charitable trust.?
Q. I'd like to donate a real estate asset to a charitable trust, is that possible.
Asked by Lear R - Tue Aug 21 08:33:05 2007 - Corporations - 2 Answers - Comments
A. A corporation is a legal person and may do any act not specifically prohibited by law. A corporation may donate the same as any other person with some specific exceptions related to elections in some states. You say "I'd like to donate...". If you use the corporation to act as you individually you are creating proof that it is a sham corporation and a creditor can attack the corporate veil. Make sure that you have properly documented resolutions to support the donation.
Answered by Mordecai Jones - Tue Aug 21 09:37:55 2007
Q. I'd like to donate a real estate asset to a charitable trust, is that possible.
Asked by Lear R - Tue Aug 21 08:33:05 2007 - Corporations - 2 Answers - Comments
A. A corporation is a legal person and may do any act not specifically prohibited by law. A corporation may donate the same as any other person with some specific exceptions related to elections in some states. You say "I'd like to donate...". If you use the corporation to act as you individually you are creating proof that it is a sham corporation and a creditor can attack the corporate veil. Make sure that you have properly documented resolutions to support the donation.
Answered by Mordecai Jones - Tue Aug 21 09:37:55 2007
I am a NGO, founder of womens charitable trust for 8 years, i dont know how to Get Funds.?
Q. I am a NGO, founder of womens charitable trust for 8 years, i dont know how to Get Funds.? Persently we help and support 1000 (may exceed) womens in all social and personal aspects but we cant do much more because of lack of money... any one who see this, can help us or cantact us to get funds or how to approach for funds to improve our welfare.
Asked by aiwwct - Tue Mar 17 15:24:45 2009 - Other - Society & Culture - 4 Answers - Comments
A. well if you have a running club in your area talk them into doing a fun run on a yearly bases -- it is a lot of work but you can reap a lot of dollars!!!
Answered by mister ed - Tue Mar 17 17:11:19 2009
Q. I am a NGO, founder of womens charitable trust for 8 years, i dont know how to Get Funds.? Persently we help and support 1000 (may exceed) womens in all social and personal aspects but we cant do much more because of lack of money... any one who see this, can help us or cantact us to get funds or how to approach for funds to improve our welfare.
Asked by aiwwct - Tue Mar 17 15:24:45 2009 - Other - Society & Culture - 4 Answers - Comments
A. well if you have a running club in your area talk them into doing a fun run on a yearly bases -- it is a lot of work but you can reap a lot of dollars!!!
Answered by mister ed - Tue Mar 17 17:11:19 2009
can charitable trust start a ship trading company in india?
Q. can a trust start a trading shipping company in india. how much money we need to start a small ship trading merchant company in india or pvt ltd company in india? can we lease a general cargo ship in india? as ship trade is started between tuticorn and colombo its cheap and easy, good profit.
Asked by - Thu Feb 10 07:43:57 2011 - Other - Business & Finance - 1 Answers - Comments
A. I don't know about india specifically, but generally the answer is yes, so long as you don't make profit. The problem is, it's sometimes difficult not to have a profit at the end of a financial year, even if it's going to be spent on charity later. To solve this, many charities have a separate company that's technically for profit.
Answered by fallibledragon - Thu Feb 10 07:46:43 2011
Q. can a trust start a trading shipping company in india. how much money we need to start a small ship trading merchant company in india or pvt ltd company in india? can we lease a general cargo ship in india? as ship trade is started between tuticorn and colombo its cheap and easy, good profit.
Asked by - Thu Feb 10 07:43:57 2011 - Other - Business & Finance - 1 Answers - Comments
A. I don't know about india specifically, but generally the answer is yes, so long as you don't make profit. The problem is, it's sometimes difficult not to have a profit at the end of a financial year, even if it's going to be spent on charity later. To solve this, many charities have a separate company that's technically for profit.
Answered by fallibledragon - Thu Feb 10 07:46:43 2011
What makes a charity non-profit or charitable trust?
Q.
Asked by AmberAnoka - Thu Aug 26 18:53:14 2010 - Community Service - 2 Answers - Comments
A. in the US to legally be a nonprofit organization it must be incorporated and have IRS recognition as a 501c3 organization. For details see www.irs.gov
Answered by A F - Fri Aug 27 00:37:36 2010
Q.
Asked by AmberAnoka - Thu Aug 26 18:53:14 2010 - Community Service - 2 Answers - Comments
A. in the US to legally be a nonprofit organization it must be incorporated and have IRS recognition as a 501c3 organization. For details see www.irs.gov
Answered by A F - Fri Aug 27 00:37:36 2010
What are the major responsibilities in managing a charitable trust?
Q. Where can I obtain more information on managing charitable trusts? What arrangements should be made financially (as payment) in regards to managing said trust? Would a management fee be paid monthly, yearly, as a percentage or a flat-rate? Are there any standards in this regard?
Asked by O Wise One - Mon Aug 2 03:34:57 2010 - Other - Business & Finance - 1 Answers - Comments
A. Try the link above.
Answered by Hello - Mon Aug 2 03:39:25 2010
Q. Where can I obtain more information on managing charitable trusts? What arrangements should be made financially (as payment) in regards to managing said trust? Would a management fee be paid monthly, yearly, as a percentage or a flat-rate? Are there any standards in this regard?
Asked by O Wise One - Mon Aug 2 03:34:57 2010 - Other - Business & Finance - 1 Answers - Comments
A. Try the link above.
Answered by Hello - Mon Aug 2 03:39:25 2010
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