difference between Section 8 company and Trust.
This query is : Open
01 November 2016
Sir,
what is the difference between Section 8 company and Trust.
If both are Non profit motive , why section 8 companies are incorporating and paying tax @ 30%. instead of this it is better to open a Trust & spend the amount for the charitable purpose and claim exemption under sec.11/12?
Thanks in Advance
01 November 2016
Section 8 company is like a charitable trust can claim exemption u/s 11 and 12 on registering u/s 12a.
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