FBT for a Trust

This query is : Resolved 

28 September 2008 Does the provisions of FBT apply for a Trust registered u/s.12AA?

28 September 2008 no.

29 September 2008 Employer Excludes:
Any Fund or Trust or Institution eligible for exemption u/s 10(23C) or 12AA.
Hence, there is no FBT.




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