Trust Corpus Fund

This query is : Resolved

Bijoy (Querist)
Follow

27 August 2020 Can a Trust Management Committee Create a Corpus Fund out of it's Revenue Receipts by Passing a Resolution ?

Bhaskaran Chackrapani Warrier (Expert)
Follow

27 August 2020 Can do so if trust deed permits, but income tax exemption cannot be claimed per 11(1)(a) for such transferred amount.

Bijoy (Querist)
Follow

27 August 2020 Sorry; It is an association not registered U/Sec 12A...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess