Cash laon by trustree repayable from donation receipts
This query is : Resolved
09 August 2013
CAN TRUSTEE GIVE CASH LOAN OF RS 100000 WHICH WILL BE REPAYABLE LATER ON FROM DONATION RECEIPTS. WHETHER SUCH LOAN ATTARACT PROVISION OF INCOME TAX ACT SECTION 269SS 269T
PLEASE ALSO GIVE GUIDENCE IF ANY PERSON WANT FORM TRUST FOR CHARITABLE PURPOSE IN MAHARASHTRA UNDER WHICH ACT HE NEED TO REGISTER?
UNDER BOMBAY TRUST ACT OR
UNDER INDIAN TRUST ACT
PLEASE ALSO GIVE GUIDENCE IF ANY PERSON WANT FORM TRUST FOR CHARITABLE PURPOSE IN MAHARASHTRA UNDER WHICH ACT HE NEED TO REGISTER?
UNDER BOMBAY TRUST ACT OR
UNDER INDIAN TRUST ACT
09 August 2013
sec 269SS is applicable if loan is given in cash exceeding 20,000 in any Financial year.
it register under both acts as it serves the puprose.
it register under both acts as it serves the puprose.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- GST Rate for Catering Services
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- Bank details not Visible on Traces Portal
- TDS ON EMAIL DOMAIN SERVICE BILL
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
