Allowed expence for trust

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Querist : Anonymous

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?

Amol S Joglekar

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

Querist : Anonymous

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?

Amol S Joglekar

Amol S Joglekar (Expert)
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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.

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2012 what is diff between educational trust,educational society nd educational ngo?

Amol S Joglekar

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

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