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Charitable trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 December 2012 Whether trust can take a refundable loan from trustee under income tax Act and Charitable trust Act
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Pankaj Gupta

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Pankaj Gupta (Expert)
25 December 2012 Yes the loan can be taken. Take the loan through an account payee cheque and also draft a loan agreement.

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