Poonawalla fincorp
Poonawalla fincorp

Tax on pf private trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 May 2013 Hi all

Can anyone tell is Tax applicable on Provident Private Trust maintained by a government company.

Thanks
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Rupesh Jain

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Rupesh Jain (Expert)
30 May 2013 taxable as individual
pls see it regd with inoce tax u/s 12 or not
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
15 July 2013 Trust for PF is to be approved first by the Commissioner of Income Tax and then the surplus is invested which generates income the treatment shall be same as has been specified by the expert.
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