Can a AOP be assessed as Trust?? A school has applied for a PAN and got PAN as AOP...But its status for tax prposes are taken as like for a Charitable trust..Is it possible???Pls explain me
PK PREE (CA Final articled student) (128 Points)
16 February 2010Can a AOP be assessed as Trust?? A school has applied for a PAN and got PAN as AOP...But its status for tax prposes are taken as like for a Charitable trust..Is it possible???Pls explain me
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 18 February 2010
Why, PAN has been applied for as an AOP???????
BTW, how they were taxed in earlier years and also are they registered under Act?
Ameet
(L)
(1678 Points)
Replied 20 February 2010
In the PAN Application, if u go thru the instru. there is mentioned "AOP(Trust)" Page No. 2 in the area document as proof of identity and IN the main PAN Application also Mentioned for status i.e, AOP(Trust). ANd for the purpose of filing of return also it will considered same.
I hope its clear.
C.Balaji
(Learner)
(1867 Points)
Replied 20 February 2010
I think Mr. Ameet is rite...
Please see Page 2 of form 49 A... AOP (trust) - T....
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