Trust - taxation
This query is : Resolved
18 July 2012
Can a trust having in the name "PRIVATE" with the objective of Charitable Purpose for charitable purpose in the form annadanam etc. can claim exemption u/s. 11
i.e. example name of the trust is "ABC Family Private Trust", but the object of the trust to provide Food to the poor children, Educational support etc. can claim exemption u/s. 11
Thanks & Regards
Sunil D
i.e. example name of the trust is "ABC Family Private Trust", but the object of the trust to provide Food to the poor children, Educational support etc. can claim exemption u/s. 11
Thanks & Regards
Sunil D
19 July 2012
suppose you are doing charitable work, then why you are going to create this type of trust. I think you can not create trust in the name of Private. You can create trust under Indian Trust Act, society registration Act and companies act. kindly check this with expert people.
19 July 2012
in which act this NGO is registered
In the Name of Trust
or in the name of Society
or in the Name of Company not for profit
In the Name of Trust
or in the name of Society
or in the Name of Company not for profit
19 July 2012
Hi!!
Good Day!!
Its' an age old trust formed in 60s and registered then.
Regards
Sunil
Good Day!!
Its' an age old trust formed in 60s and registered then.
Regards
Sunil
20 July 2012
but under which act
assuming (in the Indian Trust Act)
it can claim Exemption
but it needs to be registered U/s 12A
it should also fulfill the criteria of 12A
assuming (in the Indian Trust Act)
it can claim Exemption
but it needs to be registered U/s 12A
it should also fulfill the criteria of 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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
