Trust audit
This query is : Resolved
12 May 2012
Whether all other provision of Income Tax will apply in the case of trust except Sec. 11,12,13.
for eg. whether provision of section 40A(3) OR TDS Section will apply to trust or not?
for eg. whether provision of section 40A(3) OR TDS Section will apply to trust or not?
12 May 2012
Yes. Without applying other sections income can not be computed. 40A(3) would be applicable if trust carries on any business activity. Similarly TDS provisions will also
be applicable.
be applicable.
12 May 2012
Yes, all the other sections apply to the trust as without applying them income cannot be computed.
13 May 2012
Do agree with experts...
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
