Charitable Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2010
What are the consequences if income from property held for charitable purposes of a trust less than expenses made in relation to trust after setting apart 15% for future. In this case is the trust liable to pay tax if it earns income of Rs. 30000/- from sale of long term investment.
02 January 2011
Trust is running in loss.
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