Amount Received in Trust Account
This query is : Resolved
08 August 2026
A Person Wants to transfer Rs 50 Crore In Newly Set Up Trust. What is tha tax treatment of this amount in trust itr
Trust has no 80 G Registration
Trust has no 80 G Registration
08 August 2026
Section 80G status only impacts donor deductions, not trust taxability. The trust's liability depends on Section 12AB registration: corpus donations with written directions are exempt under Section 11(1)(d) if 12AB registered, whereas non-corpus donations or unregistered trust receipts are fully taxable as income.
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