Merger of charitable trusts excludes special tax chapter when objects align and the transferee is duly registered and compliant. Exclusion from Chapter XII-EB is provided where a registered or approved charitable trust or institution merges into another entity that has the same or ... Summary
Merger of charitable trusts excludes special tax chapter when objects align and the transferee is duly registered and compliant.
Exclusion from Chapter XII-EB is provided where a registered or approved charitable trust or institution merges into another entity that has the same or similar objects, the transferee holds the requisite registration or approval under the tax law, and the merger satisfies prescribed conditions.
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