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Charitable trust urgent

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(Querist)
30 July 2015 Please guide me this. Is Charitable trust a business entity????
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Amol S Joglekar

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Amol S Joglekar (Expert)
30 July 2015 No not at all. It is taxed as AOP.
However, if the charitable trust is earning business income, it will definitely be taxed at the maximum marginal rate.

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