Charitable trust service to company
This query is : Resolved
10 January 2015
Dear All,
Can any Charitable trust give any professional or Technical service to any company or not. Professional/Technical service means service covered under section 194J of income tax act.
Can any Charitable trust give any professional or Technical service to any company or not. Professional/Technical service means service covered under section 194J of income tax act.
10 January 2015
It can provide subject to provisions of section 2 (15) of Income tax Act.
The newly inserted proviso to sec.2(15) will not apply in respect of the first three limbs of sec.2(15) i.e. relief of the poor, education, or medical relief. Any commercial activities in connection with these three activities will come under ‘Charitable activities”.
The newly inserted proviso to sec.2(15) will not apply in respect of the first three limbs of sec.2(15) i.e. relief of the poor, education, or medical relief. Any commercial activities in connection with these three activities will come under ‘Charitable activities”.
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