Business trust

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

06 November 2011 Please provide guidance about business Trust.
As section 2(15) define charitable trust but section 11(4) through out exemption for business trust and amendment made by finance act during A.Y.2009-10.
Please provide biferacation if any u have
thanks in advance

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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06 November 2011 It is not clear from the query that for which you are seeking the bifurcation. Kindly elaborate the issue.

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2011 my one of client have stationary business which is running under trust.
it's total turnover during the was 28,00,000. Net profit was Rs. 2,22,510.
Could this trust exempt from tax?

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