Tax treatment of trust
This query is : Resolved
20 September 2012
A trust has not been registered U/S 12A,what will be its tax treatment? whether the trust enjoy the exemption available to any other trust under Income tax Act?
20 September 2012
Generally NO is the answer. (This will depend upon how much excess of income over expenditure the trust is having.) In the cases of small trust, it becomes easy not to have registration u/s 12A
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- After retirement
- Treatment of Car allowance
- Dried Vegetable Sale from Rajasthan to MP, E-way Bill compulsory or not?
- Is GST threshold limit applicable for services by Indian firm, receipts receiving from foreign accou
- Input tax credit on modular office kitchen
- Want sell 3 years old privet limited company in Mumbai
- Huge late fee, keep pending as Limited Liability Concept
- Regarding TDS liability ....
- EWAY BILL BY SELLER TO MY BUYER DIRECTLY?
- Advt Expenses
- ITC of Insurance on Capital Electronic Goods
- Discontinuance of Interest and Salary to working partners
- SERVICE PROVIDER GST
- TIME LIMIT FOR AVAILMENT OF ITC LAYING IN ITC REVRSAL LEDGER
- Tally entry - Debit note
- Debit Note of GST amount
- Reposting my query kindly reply.
- Regarding ITC taken or not
- Gst registration in the state of maharashtra
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
