new hospital - LLP or charitable trus??
1 Replies
ananyasm
(User)
(23 Points)
Replied 05 July 2016
It depends on whether you intend the entity to be a profit making one or non profit one. In case most of the earnings - 70% are contributed towards charity, you would get a tax exemption I believe. Many businesses establish charitable organizations in India as part of their CSR; if you tell us what your intent is, we would be able to answer better and then there are charities that are set up with the sole aim of helping the needy and poor.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
