Charitable trust
This query is : Resolved
ahammed hussain
(Querist)
09 March 2016
Can any one replay, few items a charitable trust can utilize with 15% own share of income after 85% charity target achieve.
CA R SEETHARAMAN
(Expert)
09 March 2016
15% can be accumulated. as deposits in banks and can be utilized for the objects of the trust and not for any benefits of the trustees.
Message likes :
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09 March 2016
The ans is no..........
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