Full Day Seminar on Charitable Trusts – Critical Aspects Jointly with Bombay Chartered Accountants’ Society



Chairman :

Rahul Hakani

Vice Chairman : Ranit Basu 
Convenors : Nihar Mankad/Loshika Bulchandani/Shilpa Thakar
Advisor : Pravin Veera

It is an accepted fact that charitable organisations are essential for public benefit, relief and to provide 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. Charities 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) have their own laws governing charitable trusts.

It is estimated that India has 1 NGO for every 600 people. With such a mind-boggling number of NGOs operating in India, administering them and complying with the applicable laws, has always been a challenge.

The Government has recently been scrutinising NGOs receiving foreign donations, and registration of more than 10,000 NGOs, including those working in the field of rural development, have been cancelled by the Government in the last three years, due to non-filing of annual returns as mandated in the FCRA 2010.

NGOs 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:

— Whether deficit (excess application) of earlier years can be set off against a surplus of subsequent years
— If the capital expenditure is incurred as the application of income, whether it disentitles the assessee to claim deferred expenditure on the same asset by way of depreciation
— Whether repayment of loan can be treated as application of income
— Taxability of anonymous or pseudonymous donations
— Application of Accumulated Income

If this was not enough, a charitable trust has also to consider the provisions of GST, which again has its own set of challenges and difficulties.

To 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 organised this one-day Seminar. The details of the Seminar and its Schedule are as below:

Day & Date


Saturday, 1st September, 2018

Time : 9.00 a.m. to 5.00 p.m.
Venue : BCAS, 7, Jolly Bhavan No. 2, New Marine Lines, Mumbai-400 020
Fees : For Members of CTC ₹ 1,950 + ₹ 351 (GST) = ₹ 2,301/-
For Non-Members: ₹ 2,350 + ₹ 423 (GST) = ₹ 2,773/-
(Fees is inclusive of Course Material, if any, Breakfast, Lunch & Tea)


Topics Speakers
1 — Keynote Address
— Presentation on Important Procedural Aspects for Trustees and
— Compliance and Issues under the Maharashtra Public Trusts Act

Mr. Ashutosh N. Karmarkar, Joint Charity Commissioner (MH)
CA Gautam Shah
2 — Issues on Taxation (including registration) of Charitable Trusts,
including recent amendments
CA Gautam Nayak
3 — Issues under Foreign Contribution and Regulation Act (FCRA), 2010
— Registration & Renewal Compliance
— Accounts & Audit
— CSR Provisions
CA Sanjay Agrawal
4 — Issues under Goods & Services Tax (GST) for the NGO’s Mr. Shailesh Sheth, Advocate
5 Panel Discussion on various issues relating to NGO’s Mr. Satish Sharma – CIT (Exemptions)
Mr. Noshir Dadrawala(*)
CA Gautam Nayak

• Trustees
• Senior employees of Charitable Trusts
• Chartered Accountants
• Tax Consultants, and
• Other Professionals associated with the running and administration of Charitable Trusts
• Companies who are partnering with Charitable Trusts for CSR implementation.

*Subject to Confirmation

Event Properties

Event date: 01-Sep-2018 9:00 am
Event End Date: 01-Sep-2018 5:00 pm
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