Business trust
Querist : Anonymous
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
Querist : Anonymous
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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