taxation of trust
This query is : Resolved
19 April 2010
Is the annonymous donations received by the fully religious trusts fully chargeable or it is fully exempt as per provisions amended by the finance act 2009????
19 April 2010
The amendment is not applicable for a trust established wholly for religious purposes. In other words anonymous donations received by such trusts will not be taxed as per section 115BBC(1).
20 April 2010
Annonymous donations received by religious trust is not taxable.
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