Easy Office
Easy Office

Section 40a(2)(b)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
21 May 2013 whether trust falls under this section or not
Profile Image

Guest

Profile Image

Guest (Expert)
21 May 2013 NO, Trust don't fall under this section, as the activities carried by the trust are not concerned with profit making.

But it doesn't mean the trust can make any payment.
The trust must run its activities and satisfied all requirements specified u/s 11 and 12.

One of section 13(3)which mention specified persons to whom no payment can be made.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links