Easy Office

Tax on trust income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 July 2018 hi can any one explain how to calculate tax on Trust income - total earning Rs.25Lakh & still deficit Rs.5 Lakh

i dont understand 85% & 15% related options in income tax
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 July 2018 If you apply(spend) 85% of receipts on charitable activities 100% of receipts exempt from income tax.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links