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FBT for a Trust

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

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Jitender (Expert)
28 September 2008 no.
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Ravikumar.G

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Ravikumar.G (Expert)
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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