Tax calculation of trust, which is not registered under 12aa

This query is : Resolved

Hardik Ganatra (Querist)
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13 March 2019 Please Suggest about tax calculation of Trust not registered under 12AA
In following 2 Cases
1). PAN 4th latter "A"
2). PAN 4th latter "T"

Also give reference of Relevant Sections/ Circulations/ Notifications

Thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 March 2019 Not registered under section 12A PAN A or T doesn't make any difference. The income is taxable.
Refer section 11 and 12.

Amol S Joglekar

Amol S Joglekar (Expert)
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13 March 2019 please tell the date of registration, if any, under trust act and/or societies act 1860.
secondly also let me know if the share of beneficiaries is determinate OR indeterminate.

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Hardik Ganatra

Hardik Ganatra (Querist)
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13 March 2019 Whether income after expenses deduction is taxable or before.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 March 2019 Donation received is taxable before expenses.
Income earned is taxable after deducting expenses.

Amol S Joglekar

Amol S Joglekar (Expert)
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14 March 2019 software at CPC has some errors regarding taxation of TRUST. IT is calculating tax on Gross income. The same may be resolved through rectification u/s 154. That is why I asked you about your registration under trust act and societies registration act