18 March 2008
its rent from commercial property n its interest from bank its an AOP Trust. n also explain what would be the difference if rent would have come from house property
19 March 2008
if it is trust and registered u/s 12A of the i tax act then interest dividend and incoe from house property is exemted from tax and you received stcg what purpose you invest it is important otherwise it is taxable corpus donation are donations received with a specific direction that the donated amount shall form part of the corpus of the trust.Such donations are not treated as income but are regarded as capital receipts not chargeable to tax
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