Charitable trust and business activity
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2012
A CHARITABLE TRUST IS REGISTERED U/S 12A.
ITS PBJECTS PROVIDE FOR GENERATING EMPLOYMENT.
CAN IT START A BUSINESS ACTIVITY OF MANUFACTURING EATABLES WHICH IS RUN BY PHYSICALLY DISABLED PERSONS?
ITS PBJECTS PROVIDE FOR GENERATING EMPLOYMENT.
CAN IT START A BUSINESS ACTIVITY OF MANUFACTURING EATABLES WHICH IS RUN BY PHYSICALLY DISABLED PERSONS?
29 March 2012
A trust can start business activity provided-(i) the business activity is incidental to attainment of objective,(ii) separate books of accounts maintained for business and (iii) total receipts from business should not exceed Rs.25,00,000.
Thanking you
CA.Nilang A Dalal
09374821453
Thanking you
CA.Nilang A Dalal
09374821453
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