Post Graduate Programs have unmatchable demand in all time. A good Institute with excellent placement facility can give very high profit than any other business entity. Business risk is very less in this field. Post Graduate Institute can be started for charitable purpose or for earning profit. Recognition from any reputed University is essential for the success of a Post Graduate Institute. so it is better to start it under a Charitable Trust or A Society.
Post Graduate Institute for Charity
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.
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.