Recpts and paymnt a/c mandatory for trust-relavant provision


(Querist)
27 May 2019
Whether preparation of 'Receipts and Payment Account' mandatory for Chartiable trust registered under Sec80G?
If yes please share the relevant provision to enlighten the issue.


Amol S Joglekar (Expert)


Click to Talk 07 June 2019
Income Tax department wants to have the receipt and payment account. Trust Act does not demand it


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