TAXABILITY OF TRUST
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2010
What is the minimum exemption limit in case of a trust not having 12A registration? What is the income limit for audit in the above case?
18 March 2010
income of the trust which is not exempt u/s 11 shall be assessable as income of AOP. mininmum exemption limit in case of AOP is same as in case of individual.
other experts view are welcome.
other experts view are welcome.
18 March 2010
Agreed. Individual rates are applicable.
18 March 2010
yes, individual retes applicable.
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