Taxation of cheritable trust
This query is : Resolved
Rahul Gupta
(Querist)
25 August 2012
Dear Sir,
I want to know charitable trust taxation.
How to calculate income applied to trust and their exemption provisions.
I want to know charitable trust taxation.
How to calculate income applied to trust and their exemption provisions.
26 August 2012
all expenses paid during the year for charitable purposes whether capital or otherwise will be application of income.15% f income can be carried forward if invested in nationalised banks etc.approval of ITO is required for carrying forward the excess
Dhirajlal Rambhia
(Expert)
26 July 2023
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