Trust
This query is : Resolved
21 March 2018
Sir,If voluntary donations of trust are applied for fixed deposits in banks can the trust registered u/s 12AA can claim exemption.
21 March 2018
it is not application of funds. you still have to apply 85% of the receipts for stated objectives of the organization
22 March 2018
Thank you.
22 March 2018
you are welcome........
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