Get Form 56d

Filling out Form 56d is an essential process for universities and educational or medical institutions seeking exemption under specific tax provisions. This guide will walk you through each section of the form to ensure a smooth and efficient online submission.

Follow the steps to complete Form 56d with ease.

1. Press the ‘Get Form’ button to access the form and open it in your preferred editor.
2. Provide the name and address of the registered office of the university or other educational institution or the hospital in the designated field. Ensure that the information is accurate and up to date.
3. Indicate the legal status of the institution, whether it is a trust, registered society, or others. Be sure to attach a copy of the certification that demonstrates this legal status.
4. Describe the objects of the university or educational institution or hospital in detail, as requested in the form.
5. List the names and addresses of the trustees or office bearers associated with the institution.
6. Specify the geographic area where the institution operates. Include the addresses of branch offices and names of office bearers in those locations.
7. Attach copies of the memorandum of association, articles of association, trust deed, and any relevant rules or regulations.
8. Include copies of audited accounts and balance sheets for the last three years, along with an explanation of the examination of accounts and any activities highlighted in the annual reports.
9. If applicable, provide details regarding any foreign donations received by the institution in connection with the Foreign Contribution (Regulation) Act, 1976.
10. Fill in the assessment particulars, including the relevant ward/circle, the latest income returned, the permanent account number (PAN), and any outstanding tax recovery against the institution.
11. State whether the income is exempt under section 11 of the Income Tax Act.
12. Detail the total income of the institution for the previous year as it pertains to the assessment year.
13. Mention the amount of income that has been utilized for the specified objects of the institution.
14. Provide details of any accumulated funds set aside for the institution's objectives.
15. List modes of investment of the institution's funds and include details about any funds not invested in specified modes.
16. Indicate whether the institution engages in any business and if so, provide relevant details.
17. Summarize any non-cash contributions made to the institution and how they were utilized.
18. Disclose any shares, securities, or property purchased for or by the institution from any interested party.
19. Confirm if any part of the income or property was used to benefit any interested person, and provide relevant details.
20. State the amount deemed income if applicable under the relevant section of the Act.
21. Finally, summarize the income that would have been assessable without the exemptions under section 10(23C)(vi) or (via).
22. Certify the accuracy of the information provided in the form and affix your signature, designation, and full address.
23. Review all entries for accuracy and completeness before saving your changes, downloading the completed form, or preparing it for printing or sharing.

Complete your Form 56d online today to ensure your institution qualifies for the necessary exemptions.