Societies v/s trust
This query is : Resolved
11 November 2014
Can anyone explain me between the rules of taxation for a registered society and for registered trust ?
i.e How the income of these two are taxed and the taxation rules ?
i.e How the income of these two are taxed and the taxation rules ?
11 November 2014
They will be treated as one for claiming exemption as charitable NGO.
Under section 12A, NGO like trust, society and foundation should register with Income tax department for a valid 12a certification for claiming exemption from Income tax.
Under section 12A, NGO like trust, society and foundation should register with Income tax department for a valid 12a certification for claiming exemption from Income tax.
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