Tax

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c.a
57 Points Joined July 2014
A trust has been proving service to public (by giving free medicines) without expecting or asking anything but somebody given any donations do not rejects and that donations uses for public purpose only. Is it liable to pay tax?
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On 20 October 2014 at 11:51 Report
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CA Practice
147903 Points Joined September 2013

If it is a charitable trust registered u/s 12AA of the income tax act such donations will be exempt from income tax.

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On 20 October 2014 at 12:39


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