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Trust

This query is : Resolved 
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(Querist)
21 March 2018 Sir,If voluntary donations of trust are applied for fixed deposits in banks can the trust registered u/s 12AA can claim exemption.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 March 2018 it is not application of funds. you still have to apply 85% of the receipts for stated objectives of the organization
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sai sindura

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sai sindura (Querist)
22 March 2018 Thank you.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 March 2018 you are welcome........

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