Public charitable trust change in board of trustees to be reported to itax authorities

A change of trustee involves the transfer of legal title of the trust's assets. However, CGT will not arise from the transfer of the trust's assets to a new trustee. This is due to the fact that the trustee holds legal title to the trust's assets for the benefit of the trust beneficiaries.

QUERY IS NOT FROM A TAXATION ANGLE BUT TO INTIMATE THE CHANGES TO UPDATE THE RECORDS AS WHILE GETTING PAN, 12 A CERT 80 G CERT LIST OF THE THEN PRESENT TRUSTEES WAS GIVEN AND NOW THE CHANGE HAS OCCURRED SO HOW TO INFORM THE RESPECTIVE  DEPTS CERTIFICATE ISSUERS ABOUT THE CHANGES

You shall prepare an amendment to Trust deed changing trustees and register the same in SRO and send a copy to the IT authorities.

Hello,

Only members are having power to change management thrrough voting aftet that the same information have to pass beforre Ld. SRO as well as Ld IT Authroity.