Hello everybody...
I'm sure that 44AD doesnt apply to trust, but still want to confirm whether it applies to trusts also?
2 Replies
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 17 August 2011
Hi, in my opinion it shall not be applicable to trust if it is charitable or religious trust , but if it carries on any bussiness then it will not be covered under the definiton given under section 2(15) and in that case it might be applicable .
Plz correct me if I am wrong .
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