04 December 2012
If a trust is not registered u/s 12AA then exemption u/s 11 and 12 would not be given and the trust would be liable for tax as per the slabs applicable to individual...
04 December 2012
As per the Provisions of IT., A trust registered u/s 12AA cannot donate to the non registered trust., but in the above case ., the unregistered trust is donating to a registered trust., it is just like an AOP is donating to a Trust., and my question is : what is the view point whether from Unregistered point or the registered trust point of view...