Easy Office

can a charitable trust take unsecured loan from trustee

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 August 2008 can a charitable trust take a secured or unsecured loan from its managing trustee or trustee as per trust act or income tax act. pl answer this question most urgent.
Profile Image

Late CA Sampat Jain

Profile Image

Late CA Sampat Jain (Expert)
31 August 2008 THERE IS NO BAR

RATE OF INTEREST SHOULD NOT BE EXCEEDING FAIR MARKET RATE
Profile Image

CA. Anoop Gadia

Profile Image

CA. Anoop Gadia (Expert)
21 July 2010 yes they can and cant be take interest higer than other unsecured loans in trust.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links