Accounting treatment of trust

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Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2015 is it trust income is excempt from tax

Nikhil Kaushik (Expert)
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17 June 2015 depends on compliance with section 11 and registration under section 12A/12AA

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Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2015 if registered under sec 12A THEN INCOME IS EXCEMPT

Nikhil Kaushik (Expert)
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17 June 2015 as I said..subject to compliance with section 11 conditions

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