Merger of charitable trusts: Chapter XII-EB exclusion applies where merged entities share objects and meet prescribed conditions. A new provision excludes Chapter XII-EB from applying where a registered or approved charitable trust or institution merges with another recognized ... Summary
Merger of charitable trusts: Chapter XII-EB exclusion applies where merged entities share objects and meet prescribed conditions.
A new provision excludes Chapter XII-EB from applying where a registered or approved charitable trust or institution merges with another recognized entity, provided the other entity has the same or similar objects, is itself registered or approved under the tax-exemption framework, and the merger meets prescribed conditions.
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