Expenses by a public trust under bptact 1950
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2017
Can a Public Trust in Mumbai have social functions for their members with highly subsidized dinner and apply for and get an Excise Dept permit to sell liquor to the members and their families on a cost plus basis.
Out of 1000 members of the Trust only about 75/80 members benefit from such functions held 3/4 times a year utilizing Trust funds (excuse being to build up comradie among members but in fact a way to garner the votes and support of voting members).
Out of 1000 members of the Trust only about 75/80 members benefit from such functions held 3/4 times a year utilizing Trust funds (excuse being to build up comradie among members but in fact a way to garner the votes and support of voting members).
10 January 2017
If it is within the objects of the TRUST, then the trust may do so with the appropriate BUDGET for the same
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- TDS Return Q1 FY 2026-27
- DIN reactivation
- Rental income gst and it purpose
- Reopen of assessment proceeding
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
