Tax liability
This query is : Resolved
01 July 2013
Educational trust having registration u/s 12A & 80G. that Trust having income from Corpus & General donation & sale of holy books , for that permission is granted from Charitable Commissioner, then that trust would be applicable for pay the tax. If yes please advice the procedure and limit of the tax & why ?
CA UMESH DULAL
(Expert)
01 July 2013
Trust is also an assessee for the purpose of IT. Since your organisation is registred u/x 12a, it is liable for payment of tax.(provided certain conditions are not satisfied)
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