Engineering Courses have high demand all over the world. There is huge investment for starting an Engineering College. Some part of fund can be obtained from banks in the form on loan. Recognition from any reputed University is essential to run Engineering Colleges. It can be started under a Charitable Trust or a Society.
Engineering Colleges for Charity
Charitable Trust
Charitable Trust can be registered with the Registrar. Few members can create a Charitable Trust. After Registration of a Charitable Trust approval u/s 12A can be obtained from Income Tax Department. Exemption u/s 80-G can also be availed from Income Tax Department for accepting donations from public.
Society
Few people can make a Society and Register it with the Registrar of Societies. After Registration of a Society approval u/s 12A can be obtained from Income Tax Department. Exemption u/s 80-G can also be availed from Income Tax Department for accepting donations from public.
National Level Society
National Level Society can be set up by including members from any 8 states. National Level Society have wide acceptance for charitable activities and it is easy to get different facilities like allotment of land at discounted rate and other government aids.