S.

N
1

7
Step Plan for Closure of Trust
Finalisation of accounts for FY 2021-22

Filing of income tax return

Closure of accounts for FY 2022-23 upto a cut off date i.e. 15th September

Identification of charitable trust registered u/s 80G to whom asset can be

transferred

Board meeting to approve trust closure and authorise transfer of asset (cash and
bank) to the identified trust

Filing of income tax return for FY 2022-23 (for transactions upto cut off date)

Intimation to income tax department for closure of trust