29 March 2012
A CHARITABLE TRUST IS REGISTERED U/S 12A. ITS PBJECTS PROVIDE FOR GENERATING EMPLOYMENT. CAN IT START A BUSINESS ACTIVITY OF MANUFACTURING EATABLES WHICH IS RUN BY PHYSICALLY DISABLED PERSONS?
29 March 2012
A trust can start business activity provided-(i) the business activity is incidental to attainment of objective,(ii) separate books of accounts maintained for business and (iii) total receipts from business should not exceed Rs.25,00,000.
CAclubindia
