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Provision for Charitable Trust Under Income tax

Others 1938 views 3 replies

Harish Chandra

CA (Final) Student & Doing Job in a CA F

1646 Points Posted on 04 July 2011

Can anyone Share Provision for Charitable Trust Under Income tax (Section 10-13 )

Regitration procedure for Trust

Account maintainance

Audit Procedure

Exemption to various trust

And other provision

Replies (3)

CA Rajesh Keshri

175 Points Posted on 04 July 2011

Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently

CA Rajesh Keshri

175 Points Posted on 04 July 2011

Exemption u/s 11/12 apply to trust from a.y immediately following f.y in which application of regstrn is made

CA ADITYA SHARMA

CA IN PRACTICE

16719 Points Posted on 04 July 2011

Originally posted by : rajesh keshri
	Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently