Taxation of trusts
This query is : Resolved
18 December 2013
A Trust has an income of Rs. 1,00,000/-
Expenses incurred for the purpose of the Trust Rs. 1,30,000/-
Can the Trust, claim deduction u/s. 11(1) of 15% Rs. 15,000/-
Thereby, carryforward expenses of Rs. 45,000/- to the next year??
Expenses incurred for the purpose of the Trust Rs. 1,30,000/-
Can the Trust, claim deduction u/s. 11(1) of 15% Rs. 15,000/-
Thereby, carryforward expenses of Rs. 45,000/- to the next year??
18 December 2013
there is no concept of carry forward for exp for trust under it atc.
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
- Gst registration in the state of maharashtra
- 44AD PRESUMPTIVE RATE ON CREDIT SALES
- Dried Vegetable Sale from Rajasthan to MP, E-way Bill compulsory or not?
- After retirement
- Service Provider GST
- Input tax credit on modular office kitchen
- Huge late fee, keep pending as Limited Liability Concept
- Regarding TDS liability ....
- ITR for AY 2025-26
- ITC of Insurance on Capital Electronic Goods
- REGARDING RETIREMENT OF PARTNER
- Regarding consequences of retirement of partner in firm
- Time Limit for Availment of ITC laying in ITC Reversal Ledger
- Tally entry - Debit note
- Debit Note of GST amount
- Regarding ITC taken or not
- GSTP registered individual should apply gstin for trading business
- Liability for GST registration in case of commission agent dealing in the sale of land.
- GST Payable Entry
- Reporting Missed Sale in GSTR-3B
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
