19 August 2014
Trust having no 12 A registration received donation of Rs. 15 Lakhs(details of donors available) during the year.
Total amount spent towards charity (with proper proof) 10 Lakhs.
Surplus Rs.5 Lakhs.
On which amount tax is calculated since the trust has no 12 A registration? On 15 Lakhs or 5 Lakhs?
CAclubindia
