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
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Pls reply..Its very urgent
Replies (5)
I dont think there is problem
Can anyone explain me
Why, PAN has been applied for as an AOP???????
BTW, how they were taxed in earlier years and also are they registered under Act?
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.
I think Mr. Ameet is rite...
Please see Page 2 of form 49 A... AOP (trust) - T....
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