mohan (Ca) (47 Points)
15 February 2013sir i came across one of the case i need a clarification in that... the query is,is any of the board member can get any benifits from charitable trust in which he is a board member...?
plz give me suggetion/answer for this... thanking you...
CA Gaurav Kaushik
(Practicing Chartered Accountant)
(123 Points)
Replied 15 February 2013
No ,he can not take any economic benefit from such charitable trust, otherwise the charitable trust will not get any tax benefits
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