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Unregistered Trust

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08 March 2021 An unregistered trust is running a small temple for the last few years. Annual receipts through pooja and offerings is Rs 3 lakhs, from which the temple maintenance expenses are incurred. There are no other income.

Whether tax has to be paid on the entire 3 lakhs or thenet income after expenses

09 March 2021 Taxable income is 3 lacs. Basic exemption of 2.5 lacs can be claimed.



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