Charitable trust urgent
This query is : Resolved
30 July 2015
Please guide me this.
Is Charitable trust a business entity????
30 July 2015
No not at all. It is taxed as AOP.
However, if the charitable trust is earning business income, it will definitely be taxed at the maximum marginal rate.
However, if the charitable trust is earning business income, it will definitely be taxed at the maximum marginal rate.
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