National Savings Scheme (NSS) offers an assured return and tax rebates under Section 88 of the Income Tax Act, 1961. The rate of interest is 9 per cent per annum, compounded annually.
NSS has a duration of four years as compared to NSC, which has a duration of six years. You can extend the duration [...]

National Savings Certificates  are certificates issued by Department of post, Government of India and are available at all post office counters in the country. It is a long term safe savings option for the investor. The scheme combines growth in money with reductions in tax liability as per the provisions of the Income Tax [...]

The authorities have taken undue advantage of the existence of post office even in remote nooks and corners of the country. They are forced to undertake normal banking activities liken SB, TD, RD, MIS.
* National Savings Certificates (NSC)
* National Savings Schemes (NSS)
* Post Office Time Deposite
* Post Office Recurring Deposit Account (RDA)
* Post Office [...]

* Government Savings Bank Act, 1873.
* Government Saving Certificates Act, 1959.
* Public Provident Fund Act, 1968.
The Features Of Saving Schemes In India
* Risk Free Investment as Small Savings Schemes are fully secured by GOVT.OF INDIA.
* Higher rate of interest.
* Invest Rs. 5000/- or more in any Small Savings Scheme(except Savings Bank a/c and DSRGE) [...]

Tax Exemption for Charitable Trust in India.The following rules and regulations give the tax exemption to charitable trust in India.
Exemption From Tax.
Income of a charitable trust is exempt according to the provisions of sections 11,12,12A,12AA and 13. The trust should be one which is established in accordance with [...]

* The trust should get itself registered [Form No. 10A for Application] with the Commissioner of Income-tax within one year from the date on which the trust is created.
* The Commissioner may, in his discretion, admit an application for the registration of any trust or institution after the expiry of the aforesaid period. Where [...]

Charitable and Religious Trusts Play an Imortant role in In India. These organizations work for man kind and the motive of these organization is social welfare . Income applied for predefined and declared charitable object is exempt from income tax. Wealth tax is also not charged on properties held. If eligible, donor are also [...]

The law governing trusts is codified and contained in the Indian Trust Act.
Types Of Trust. Common types of trusts are noted below.
* Public charitable or religious trusts
Income from these trusts is applied to charitable or religious purposes.
* Private trusts
Income from private trusts is available to specified beneficiaries and not the public at large. In [...]