Trust audit----- urgent reply required.
This query is : Resolved
11 January 2012
What is Meaning of income liable to contribution under The Bombay Public Trust Act,1950 Schedule ixc (vide Rule 32)
14 January 2012
The Income liable to contribution means, donation or other income of trust which is not received for any specific purpose. Any corpus donation or fund received for any specific purpose cannot considered as contribution. while any other income is liable for contribution.
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