Taxation of Trust

This query is : Open

Suraj Agarwal (Querist)
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27 October 2010 Sir,
If a trust received some anonymous donation wholly for religious purpose with specific direction, then which provision will apply on such donation i.e. Sec.11 and 12 OR Sec.115BBC ??

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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27 October 2010 Contribution received by a trust created wholly or partly for charitable or religious purpose , will be treated as income u/s 2(24).

Suraj Agarwal

Suraj Agarwal (Querist)
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27 October 2010 Sir,

I repeat my problem that if any trust receive some voluntary donation for religious purpose with the specific direction,

then that donation will be taxable u/s 115BBC or not ??

OR

it is eligible to exempt u/s 11 & 12 ??

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