Taxation of aop & charitable trust
This query is : Resolved
suhas potadar
(Querist)
19 September 2016
Dear sir,
I just want to know that whether the building fund is consider as income in case of AOP or it is to be capitalised. and what is the effect of building fund in case of AOP & charitable trust.
Plz give reply as early as possible.
Thanks & regards.
I just want to know that whether the building fund is consider as income in case of AOP or it is to be capitalised. and what is the effect of building fund in case of AOP & charitable trust.
Plz give reply as early as possible.
Thanks & regards.
Amol S Joglekar
(Expert)
19 September 2016
building fund is NOT income, per se.
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