Taxation for society
This query is : Resolved
10 August 2024
Case 1:
A non-profit education trust, which invests the earned amount back into the education trust.
Will there be income tax on the earnings of the trust.
Case 2:
The same trust non-profit education trust, rents one of the buildings. Now, the trust have 2 sources of income A- Education earnings B- Rentals of the Building.
Will there be income tax on (A) only, (B) only, or (A and B) both?
What will be the category of the trust in both cases. (Business trust or non profit trust).
Thanks in anticipation
A non-profit education trust, which invests the earned amount back into the education trust.
Will there be income tax on the earnings of the trust.
Case 2:
The same trust non-profit education trust, rents one of the buildings. Now, the trust have 2 sources of income A- Education earnings B- Rentals of the Building.
Will there be income tax on (A) only, (B) only, or (A and B) both?
What will be the category of the trust in both cases. (Business trust or non profit trust).
Thanks in anticipation
12 August 2024
Is there any expert on society taxation, please reply
13 August 2024
no one knows about this topic, will post it again thank you
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