Head for income of charitable trust
This query is : Resolved
10 May 2013
Please tell that income of charitable trust is shown under which head in computation of total income
Profit and Gain from Business and Profession
or
Income From Other Sources
Profit and Gain from Business and Profession
or
Income From Other Sources
11 May 2013
Income is shown under the head Profits and Gains of Business or Profession.
11 May 2013
it is a charitable trust and if it is not into any business related to such objective of the trust, it will be under ifos.
any income which is part of business of such charitable trust like selling books and other ancilliaries, it will be b&p
other than that, it will be ifos
any income which is part of business of such charitable trust like selling books and other ancilliaries, it will be b&p
other than that, it will be ifos
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- NRI starting business in India
- Difference between Date of Payment and Date of Deduction?
- Journal entry of busniess expenses
- GST not cancelled by tenant
- FORM 141 SDV query
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Cash balance limit and property purchases limit
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
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
