Rotary Trust

1. ROTARY TRUSTS
 Importance of having a Trust by a Rotary Club
 For Proper chanelisation of charitable activity.
 Easier and better acceptability by donors hence ease in
procurement of donations.
 Proper bifurcation of expenses into administrative and
charity.
 Allowability of charity expenses for income tax
purposes.
J. J. Kapadia Associates
RI District 3141

2. Process of Trust Formation
 Steps for formation of Trust
 Preparation of Trust Deed and Registration with the
Charity Commissioner
 Obtaining Permanent Account Number (PAN) from
Income Tax Authorities
 Opening of Bank Account
 Registering the Trust with the Income Tax Authorities u/s
12A of the Income Tax Act, 1961
 Obtaining 80G Certificate
 If required, obtaining FCRA Certificate
J. J. Kapadia Associates

3. Compliances for a Trust
 Maintenance of Proper Books of Accounts
 Investment of Trust Funds as per prescribed
guidelines and /or as per specific instruction of
donors
 Filing of various forms and returns time to time
with Charity Commissioners Office
 Maintenance of proper books/registers as per Trust
Act
 Filing of Income tax Returns
J. J. Kapadia Associates

4. Rtn. CA Jayesh Kapadia
J. J. Kapadia Associates
Chartered Accountants
110, Lalji Shopping Centre, S. V. Road,
Borivli (West),Mumbai – 400092
Tel.: 022-28998083 / 9820226546