Charitable & religious trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2015
A Trust that has not registered u/s 12A, but applies its 100% reciepts as expense and purchase of fixed assets, claim exemption u/s 11.
trust has applied for registration within 1 year of its incorporation for registration u/s 12A. what will be the consequence of rejecting the application by I.T Commissioner?
trust has applied for registration within 1 year of its incorporation for registration u/s 12A. what will be the consequence of rejecting the application by I.T Commissioner?
30 March 2015
if it is not reggistered under present incoe tax act as trust then no exemption can be claimed in this case
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Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2015
but trust has already been applied for registration u/s 12A, then how it will file its return. the act says exemtion is available from the date of applying for registration.
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