16 October 2009
You can visit our website icai.org in general. And if you let me know specific AS updates you are looking for then I would be able to reply you better.
10 December 2009
Good Evening, Hope you are all doing well!!! i have come across some problem with Tax, which is charitable trust, problem is below.
RP Trust which is running a temple apart from Hundi collection and voluntary contribution and rent from building and lands held under temple Trust. during the year trust has sold a land and build for consideration rs 52,00,000.00/- the cost of acquisition of this property was 7 lakh the trust has utilized the share sale consideration as follows, 1) Construction of a hall in temple rs 25,00,000/- 2) fixed deposit for 3 yrs in a schedule bank rs 16,00,000/-, advice on tax ability,if any on sale of the property and indicate the amount to spend on the object of the trust in order to avail full exemption. <br> Kindly be advise thes queries, waiting for your reply <br>
CAclubindia
