Distinction between charitable & religious activities under

Save Share

This query is : Resolved

Sowmya.S.Balan

Sowmya.S.Balan (Querist)
Follow

21 July 2012 Dear sir
whethertrust carrying charitable and religious purpose should maintain separate books of accounts for charitable and relious expenses and charitable and religious incomes . whether any such point in income tax act or new direct tax code. can you please quote the relevant section also

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
Follow

01 July 2013 Charitable activities means the poor and the people who cannot afford are benefited but in religious activities both are benefited. Charitable trust for only religious activities cannot be allowed exemption. In case a charitable trust is rendering both type of services then two separate account be maintained

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now