Related to trust
This query is : Resolved
16 August 2013
MY CLIENT TRUST INCORPORATED IN 2004 AND REGISTER UNDER BOMBAY TRUST ACT BUT TILL NOT REGISTERED WITH WITH CIT AND ALSO NOT FILLED INCOME TAX RETURN.
TRUSTEES GIVES LOAN WORTH RS. 184000 AND TRUST HAVING DEFICIT/C/F LOSS 124000
THE TRUSTEES WANTS TO CONVERT LOAN IN GRANT OR EITHER PAY GRANT AND TO TAKE LOAN BAKE
MY QUERRY IS WHAT IS THE BEST WAY TO RESOVLE THE ABOVE PROBLEM AND IF TRUST IS NOT REGISTER THE CAN GET BENIFIT OF TRUST AS EXEMPT INCOME.
TRUSTEES GIVES LOAN WORTH RS. 184000 AND TRUST HAVING DEFICIT/C/F LOSS 124000
THE TRUSTEES WANTS TO CONVERT LOAN IN GRANT OR EITHER PAY GRANT AND TO TAKE LOAN BAKE
MY QUERRY IS WHAT IS THE BEST WAY TO RESOVLE THE ABOVE PROBLEM AND IF TRUST IS NOT REGISTER THE CAN GET BENIFIT OF TRUST AS EXEMPT INCOME.
17 August 2013
No income tax exemption for unregistered trust.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- Non-Compliance documents have not been submitted by the contractors debited
- Capital gain on sale and purchase of plot
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- Resigning a auditor from the company for misconduct
- GST not cancelled by tenant
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
