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Allowed expence for trust

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 A EDUCATINAL TRUST WHICH GROSS RECEIPT IS MORE THAN 1 CRORE.....THAN TRUST PAY TO HIS MEMBER SALARY AND OTHER EXP IS AALOWED FOR TRUST?
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2012 If the trust deed has the specific provision of payment of salary to MEMBERS, it is allowed
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2012 if trust pay any other exp like rent etc to any other person....than which bases its allowed or not?
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 December 2012 Objects of the trust is the KEY indicator. Rent paid to landlord... say to run the activities of the trust... is allowable expenditure.
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 December 2012 what is diff between educational trust,educational society nd educational ngo?
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Amol S Joglekar

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Amol S Joglekar (Expert)
04 December 2012 Registration under which ACT is the key concern. NGO is a colloquial word.
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