How to tax honorarium???
This query is : Resolved
25 July 2014
Sir
One of my friend is running a school which is registered under Trust. his name is recorded as an trustee in the Bye Laws of the said school. he is receiving some honorarium from the school.
Under which source should i show that amt, and at what rate is that amount taxable?
is their any restriction on honorarium?
can any school which is registered under trust can pay anything to the trustees?
pls guide me...
thanks in advance.
Regards
Kavitha
One of my friend is running a school which is registered under Trust. his name is recorded as an trustee in the Bye Laws of the said school. he is receiving some honorarium from the school.
Under which source should i show that amt, and at what rate is that amount taxable?
is their any restriction on honorarium?
can any school which is registered under trust can pay anything to the trustees?
pls guide me...
thanks in advance.
Regards
Kavitha
Nikhil Kaushik
(Expert)
25 July 2014
no. you cannot pay. this would amount to violation of 12AA registration.
Nikhil Kaushik
(Expert)
25 July 2014
no. you cannot pay. this would amount to violation of 12AA registration.
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