Charitable Trusts and Institutions:An Insight from Income Tax Point of View

Charity has emerged as a major platform and is playing a decent role in improving the lot of the under privileged including needy persons. Generally in every city there are very few government schools and hospitals for proper service to the community as against the required number. To meet the requirements either the corporate sector or the individuals are coming up with number of charitable institutions for the service of the mankind. But these institutions are not properly abiding by the rule and the procedures of income tax provisions. This paper gives an insight into the legal provisions related to the same issue so that the institutions can take the best advantage of the same and benefit the society in a more comprehensive manner.