40a(3)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 June 2014
whether sec.40A(3) apply on trust & charitable institution ?
18 June 2014
If income is computed under the head'income from business or profession', section 40A(3) attracts.
18 June 2014
yes 40A (3) applicable on the trust .
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