A TRUST RUNNING A SCHOOL FORM SCHOOL THE TRUST ACCUMULATED SURPLUS FUNDS FOR SEPECIFIC CAUSE AND SPECIFIC PERIOD THE TIME OF FIVE YEARS LAPSED NOW THE SURPLUS IS LIABLE FOR TAX . HOW TO SAVE THE TAX ON SUCH FUNDS.
Rajesh Kumar Singh 03 February 2023
A TRUST RUNNING A SCHOOL FORM SCHOOL THE TRUST ACCUMULATED SURPLUS FUNDS FOR SEPECIFIC CAUSE AND SPECIFIC PERIOD THE TIME OF FIVE YEARS LAPSED NOW THE SURPLUS IS LIABLE FOR TAX . HOW TO SAVE THE TAX ON SUCH FUNDS.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 03 February 2023
There is a legal obligation since the law requires that non-profits should utilize the donations for the purpose which the donors intended. If for any reason the non-profit fails to honor the donor’s wishes and utilizes the funds for other unintended purposes, the donor can demand a refund of his or her donation. The donor is also at liberty to sue the organization for misappropriation of funds or make a report against the charity at the Attorney General’s office in the state where the non-profit is located.
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