Charitable trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 March 2017
A charitable trust formed in the year 2015, not yet registered with income tax department. In the financial year 2015-16, an amount of Rs 20 L received as donation but expenses on charitable activities amounted to >25 L, the loss was met with loan from persons. Is the income taxable? what to do to register the trust with income tax dpt?
20 March 2017
The donation receipt is taxable. Start receiving donation after IT registration. Take the help of CA nearby for registration.
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