TRUSTS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2010
TRUST RECEIVING DONATIONS WHICH ARE EXEMPT U/S 80G ARE TAXABLE IN THE HANDS OF THE TRUST
CA. Rabindra
(Expert)
13 September 2010
No it is not taxable in the hands of trust. However it depends upon its utilisation. The trust have to utilise the donations received during the year for the charitable purpose.The trust should utilise minimum 85% of the donation received during the current period and remaining 15% in next year.
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