Registration of trust
This query is : Resolved
06 March 2014
Is it possible that a trust cannot be
registered u/s 12A?
What are the tax implications on the trust in this case?
registered u/s 12A?
What are the tax implications on the trust in this case?
06 March 2014
it is possible where the CIT arrives on conclusion that the activities of the trust are not charitable in nature.
in such a scenario the trust shall not be eligible to claim benefits under section 11.
in such a scenario the trust shall not be eligible to claim benefits under section 11.
06 March 2014
What will be the tax slab then?
06 March 2014
slab rates shall be same as of AOP
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