Get Form No 56

This guide provides clear step-by-step instructions on how to fill out Form No 56 online for the grant of exemption under section 10(23C). By following these steps, users can efficiently complete the application process.

Follow the steps to complete the Form No 56 online.

1. Click ‘Get Form’ button to obtain the form and open it in the editing interface.
2. In the first section, enter the name and address of the registered office of the university or educational institution. Ensure the information is complete and accurate.
3. Indicate the legal status of the institution, whether it is a trust, registered society, or another type. Attach a copy of the certificate of registration or relevant document establishing this status.
4. Provide the objects or purposes of the institution as outlined in the governing documents.
5. List the names and addresses of all trustees and office bearers associated with the institution.
6. Describe the geographic area covered by the institution’s activities. Attach details of the work conducted in different locations, including addresses of branch offices and names of local office bearers.
7. Enclose copies of the memorandum of association, articles of association, trust deed, and any applicable regulations governing the institution.
8. Attach audited accounts and balance sheets for the last three years, along with notes on the examination of accounts and activities as reflected in the documents.
9. Provide details on any donations received from foreign sources as per the Foreign Contribution (Regulation) Act, 1976.
10. Fill in the assessment particulars, including the jurisdiction ward/circle and the last income tax return filed, along with the permanent account number.
11. Indicate whether there are any outstanding tax recoveries against the institution.
12. Confirm if the institution’s income qualifies for exemption under section 11, and summarize the total income including voluntary contributions.
13. Detail the amount of income that has been utilized solely for the institution’s objects.
14. State any amount accumulated for the specific purposes mentioned earlier.
15. Provide information on how the funds of the institution are invested, detailing the nature, value, and income from these investments.
16. Answer questions related to any business activities carried out by the institution and whether such activities are incidental to its main objectives.
17. Document any non-cash contributions received and how they have been utilized.
18. Report on any purchases from interested persons and potential conflicts as outlined in section 13.
19. Ensure to certify that all information provided is accurate, followed by including the place and date of completion, as well as the signature and designation of the person filling out the form.
20. Finally, review all entries for accuracy, save the changes, and options will be available to download, print, or share the completed form.

Complete your Form No 56 online today to ensure your application for exemption is submitted efficiently.