Need assistance in setting up an IFG trust asap.

Post by **Mack The Knife** » Tue Oct 14, 2008 6:09 pm

The donations that IFG has been receiving are sent to Abhijeet's bank account and this is getting to be a problem for him.

Abhijeet did consult his CA but found the fees to be unreasonable and would prefer that a sizeable percentage of the donation does not end up in a CA's pocket.

Hence, could one of our members who is a chartered accountant help IFG set up a trust at the earliest.

Thanks.

Mack The Knife

nagarifle · Post by **nagarifle** » Tue Oct 14, 2008 6:24 pm

what complaining about beer fund?

it should have a charitable status. would that be possible?

diskaon · Post by **diskaon** » Tue Oct 14, 2008 6:29 pm

formation of trust is pretty much simple. His CA should guide him with the paper work. after which just like a company the trust can accept money. the mods can be made as trustees to take decisions for the trust.

will get details from my CA and let you know in a day or two.

diskaon

YouTube · Post by **mundaire** » Tue Oct 14, 2008 9:22 pm

nagarifle";p="56419 wrote:what complaining about beer fund?

it should have a charitable status. would that be possible?

I'm no expert, but I believe the 80G tax exemption is not granted immediately...

diskaon";p="56421 wrote:will get details from my CA and let you know in a day or two.

Thanks, any & all assistance is appreciated.

Cheers!
Abhijeet

TenX · Post by **TenX** » Tue Oct 14, 2008 9:30 pm

Wish I could help out in some way....
Abhijeet/all, please let me know if I can do any help...

diskaon · Post by **diskaon** » Wed Oct 15, 2008 11:40 am

Some info for the time being..

http://www.karmayog.com/formation.htm

http://www.ngoconsultancy.in/formation.htm

diskaon.

P.S.: I am sure we have engouh lawyers if not CAs on this forum. They should come ahead and help us. Preferably someone from Delhi, as I assume the trust will be registered in delhi.

sitar · Post by **sitar** » Wed Oct 15, 2008 12:03 pm

let me know what to help

Shamsher · Post by **Shamsher** » Wed Oct 15, 2008 12:32 pm

Check out the link in General Rambling "our Proffessions"

Think we had a CA there,

Everybody should mention their proffesions it could be of assistance to any member at any time. like for instance now

SS

sat · Post by **sat** » Thu Oct 16, 2008 1:08 am

have done a fair bit of homework of formation of private trust. will call & update you.

sat

Indians For Guns

Indians For Guns

Need assistance in setting up an IFG trust asap.

Need assistance in setting up an IFG trust asap.

Re: Need assistance in setting up an IFG trust asap.