Can anyone Share Provision for Charitable Trust Under Income tax (Section 10-13 )
Regitration procedure for Trust
Account maintainance
Audit Procedure
Exemption to various trust
And other provision
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Provision for Charitable Trust Under Income tax
Replies (3)
Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently
Exemption u/s 11/12 apply to trust from a.y immediately following f.y in which application of regstrn is made
| Originally posted by : rajesh keshri | ||
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Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently |
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agreed
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