Regn u/s 12A Trust
This query is : Resolved
09 September 2008
Trust Deed of a Public and Charitable trust did not describe as to what will happen to the assets remaining at the time of its dissolution.
Can registration u/s. 12A / 12AA be disallowed on this ground?
The income-tax authorities, allege that lack of such clause shows that the trust or its objectives of public and charity are ingenuine.
Further, can such claused be inserted by a General Body Resolution.
Please suggest
Can registration u/s. 12A / 12AA be disallowed on this ground?
The income-tax authorities, allege that lack of such clause shows that the trust or its objectives of public and charity are ingenuine.
Further, can such claused be inserted by a General Body Resolution.
Please suggest
13 September 2008
AMEND THE TRUST DEED AND INFORM THE IT AUTHORITIES ACCORDINGLY.
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