banner_ad

sec 40A (3)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 February 2009 Dear Sir,

Is sec 40A(3) is applicable for the Trust? Because Sec 40A(3) is covered under Chapter IVD of the income tax Act1961. But the Trust is covered under sec 11 to 13 of the income tax Act 1961.

Please clarify at the earliest.

with regards,

R. Gurucharan.
Profile Image

CA. B.SRINIVASULU

Profile Image

CA. B.SRINIVASULU (Expert)
24 February 2009 Section 40 A(3) is applicable to trust also. Trust is getting the exemption for not paying tax as per section 11 to 13. For allowing expenses you have to follow sections related to business income
Profile Image

rgurucharan

Profile Image

rgurucharan (Querist)
24 February 2009 sir ,

Then what is the option i have to escape the amount getting disallowed.

with regards,

R. Gurucharan.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details