We are pleased to share our Whitepaper on “Public Charitable Trusts - ‘Irrevocability’ Clause in Trust Deed Mandatory for Grant of Registration under Section 12AB of the Income-tax Act 1961?”.

The Whitepaper analyses the provisions of the Income-Tax Act 1961 (“the Act”) in respect of registration, the requirement of the irrevocability clause under the Act as well new Income-tax Act, 2025 and the provisions of the Act & the Maharashtra Public Trust Act, 1950 in relation to application of income or property for the benefit of the Settlor.

Further, the Whitepaper provides an overview of the recent landmark ruling of the Hon’ble Bombay High Court on the said matter which provides significant clarity on whether the absence of an explicit irrevocability clause in a trust deed can be a valid ground for denial or cancellation of registration under Section 12AB of the Income-tax Act, 1961.

Hope you would find the same useful.

Click Here To Download - RSM India Whitepaper - Public Charitable Trusts - ‘Irrevocability’ Clause in Trust Deed Mandatory for Grant of Registration under Section 12AB of the Income-tax Act 1961?