Tax exemption approval for educational trust subject to application, investment, audit and dissolution conditions and compliance. Approval is granted to Sudharsan Educational Trust subject to conditions: income must be applied or accumulated solely for educational objects with accumulation over fifteen percent limited to five years; funds must be invested only in permitted modes except voluntary contributions in jewellery or furniture; approval excludes income from trade or business activities; statutory audit and filing of returns with audit report are required; on dissolution surplus assets must go to a non-profit educational organization; anonymous donations are excluded; approval may be withdrawn for non compliance.
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Tax exemption approval for educational trust subject to application, investment, audit and dissolution conditions and compliance.
Approval is granted to Sudharsan Educational Trust subject to conditions: income must be applied or accumulated solely for educational objects with accumulation over fifteen percent limited to five years; funds must be invested only in permitted modes except voluntary contributions in jewellery or furniture; approval excludes income from trade or business activities; statutory audit and filing of returns with audit report are required; on dissolution surplus assets must go to a non-profit educational organization; anonymous donations are excluded; approval may be withdrawn for non compliance.
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