13 November 2009
My friend form a trust & run a school 1.It's Gross receipts is Less than 1 Crore. wheather the trust should be registered under 12A?. 2.Wheather 85% of the fund should be expended in that year. 3.For claiming exemption u/s.10(23C)trust is to be registered under any section.
CAclubindia
