I want to take some help on the topic related to Private Charitable Educational Trust.
Please suggest me that whether the Trustees are allowed to take payment by the way of Salary or Remuneration/ Allowances from Trust or its Colleges (Run by Trust) or if they are not allowed please specify the remedies their on and state that where it is specifically disallowed as per Income Tax Act.
In above case Trustees are fully eligible as they are professionally qualified and recognized by Governing Authority of University and appointed as Professor/Principal. Please reply as soon as possible.