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Taxability of AOP

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06 March 2020 Dear Sir
In the case of an unregistered trust or AOP, 1) entire gross receipts will be taxable or only the net income after application will be taxable.
2) If they have rental income 30percent deductions allowed?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 March 2020 1 Entire gross income taxable.
2 30% deduction allowed on rental income.
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06 March 2020 Sir If the unregistered trust is running a school then entire fees collected will be taxable or only the net income will be taxable . Please help
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 March 2020 Only the net income is taxable in case school fees collection. Donation taxable fully.
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