Pub.trust

This query is : Resolved 

18 November 2013 is there any tax lia.due if char.trust received building fund donation and the same was utilised toward purchase of building ? trust not regi.u/s 12a.

18 November 2013 if not registered under 12a then the trust shall be taxed as any normal private trust. Only depreciation against building shall be available as tax expense.


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