Charitable, Religious and Hospitality & Rehabilitation institutions can be formed by executing a Trust Deed. Trust deed is executed between the settlor and the trustees. A settlor is a person who creates the trust for some charitable or religious or hospitality & rehabilitation purposes. Whereas the trustees are the people who manage the trust. The settlor generally appoints the trustees who can effectively run and work according to the objects of the trust.
Under Section 12A of the Income Tax Act, 1961, non-profit organisations like charitable trusts, welfare societies, NGOs, religious institutions, etc. are entitled to tax exemptions. This tax relief was introduced, keeping in consideration that non-profit entities work for social welfare and not for generating profit.
Under Section 80G of the Income Tax Act, 1961, non-profit organisations like charitable trusts, welfare societies, NGOs, religious institutions, etc. are entitled to tax exemptions. This tax relief was introduced, keeping in consideration that non-profit entities work for social welfare and not for generating profit.
The NITI Aayog (lit. ’Policy Commission’; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach. Its initiatives include “15-year road map”, “7-year vision, strategy, and action plan”, AMRUT, Digital India, Atal Innovation Mission,
JAGRUTI FOUNDATION TRUST
Jagruti is a skilling learning, providing Employment and Caring to Elderly person organization created to improve the quality of education and Employment in India. Jagruti focuses on hight quality of the needy/poor children/youth for their education and enrolment in low cost of education system. Established in 2021 to provide education to children in the slums & ruler of lucknow (U.P) and we are caring to elderly person or patient in their home.