Charitable Trust Case Study

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A Charitable Trust is a trust established in accordance with law for charitable purposes. It includes relief to poor, education, medical relief and advancement of any other object of general public utility. The study will be descriptive in nature, keeping in mind the objectives of the study, many trusts are formed to take tax benefits as per Income Tax Act 1961. In the present context number of charitable trusts is considerable but the deserving people do not often receive benefits of the trusts. Many Charitable trusts deviate from their primary objectives and some trusts are involved in converting black money in to white money. More trusts are registered but they do not maintain proper books of accounts & not audited on regular basis. If …show more content…

Objectives of the study:- The proposed study has the following objectives.
1) To study problems faced by beneficiary in religious charitable trust.

2) To study fund utilization as per rules and regulations under Income Tax Act -1961.

3) To study provisions used for Auditing & Taxation of trust.

4) To Study the expansion of benefits under trust sectors run in religious charitable trust.

Hypothesis of the study:-
1) Religious trust utilized their funds as per guidelines specified by donor. The trusts work in their specific areas in which they are registered. Maximum utilization of trust funds to deprived persons.

2) Trust sustains the accountability, transparency and accuracy in the funds collected from contributor is used for advancement of general public utility or any activity of rendering services creates much more employment in rural areas.

3) The religious trust gives benefits only to specific caste & religious and tribe as per registration guidelines.

4) The trusts have maintained appropriate books of accounts, use accounting policies and Audited as per Income Tax Act 1961, and as per Charitable Trust Act 1882.

Scope of the study
• Geographical
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• …show more content…

Data collocation:- Primary sources and Secondary sources will be used as a support for the proposed research. Collected by visit to Charity Office, Religious Charitable Trust, Interview of Officers, Trustee and Beneficiary, Observations, from published Annual Reports of Charitable Trust, Journals, Reference Books and Magazines and also the quantitative information will be collected from various important website which includes, mahacharity.com, icai.org.in, incometax.com, icwa.com, caclub.com, nic.gov.in, e-resources.
Sampling Design and Methodology
1. Population consist only Religious Charitable Trusts.
2. From the total population 10 % sample will be selected as per various religious trusts using random sampling or stratified random sampling method. (Same Religious Charitable Trust segment will be considered as one stratum each).
Tools and Techniques for Analysis of Data
 Mean (X bar) (for measuring impact on benefits).
 Ratio Analysis (For measuring operating efficiency of and Contributor wealth) which includes either or of the following.
 Co-relation SPSS (Software Package for Research in Social Studies.) this tool will be used for data analysis and correlation between

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