Can any one tell me what is the tax liability of Govt. Cheritable Trust? The details are as follows.
Total Income from Interest - 809408
TDS - 83379
Expenses - 74533
Fixed Assets - 164156
rajesh (professional) (233 Points)
12 December 2009Can any one tell me what is the tax liability of Govt. Cheritable Trust? The details are as follows.
Total Income from Interest - 809408
TDS - 83379
Expenses - 74533
Fixed Assets - 164156
Navneet Gupta
(Article)
(129 Points)
Replied 19 December 2009
Rajesh,
Please provide the following info. so that i can compute the tax liability.
1. whether trust is registered under section 12
2. whether 164156 is the amount of total FA or those purchased during the PY.