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TAXABILITY OF TRUST

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 March 2010 What is the minimum exemption limit in case of a trust not having 12A registration? What is the income limit for audit in the above case?
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
18 March 2010 income of the trust which is not exempt u/s 11 shall be assessable as income of AOP. mininmum exemption limit in case of AOP is same as in case of individual.
other experts view are welcome.
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Rahul Gupta

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Rahul Gupta (Expert)
18 March 2010 Agreed. Individual rates are applicable.
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
18 March 2010 yes, individual retes applicable.

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