Tax treatment of trust
This query is : Resolved
20 September 2012
A trust has not been registered U/S 12A,what will be its tax treatment? whether the trust enjoy the exemption available to any other trust under Income tax Act?
Amol S Joglekar
(Expert)
20 September 2012
Generally NO is the answer. (This will depend upon how much excess of income over expenditure the trust is having.) In the cases of small trust, it becomes easy not to have registration u/s 12A
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