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.
Shivang Chokshi
(Expert)
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
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