TDS Applicability in case of Charitable/Religious Trust

This query is : Resolved

Doshi mahendra Kumar (Querist)
Follow

13 September 2019 whether sec 40(a)(ia) is applicability in case Of Trust or not .If Trust Pays Rs 240000/ as Rent to Individual for running cancer centre .Since Trust does not have Income from Business and Other Sources .

Mahendra Doshi

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
Follow

04 June 2020 In the case of Mahatma Gandhi Seva Mandir vs. DDIT(Exemp) reported in 21 com321 the Hon’ble ITAT has held that the exception in Section 40 is carved out, only for the purpose of Section 28 and not for computing the exemption of income of a charitable trust under Section 11. The disallowance made under Section 40(a) will only go to enhance the business profit of an assessee whose income is assessable under Section 28 and not otherwise. Hence, provisions of Section 40(a) are not applicable in case of charitable trust or institution where income and expenditure is computed in terms of Section 11.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

divakar podaturu

Richa Bajoria

Shraddha Pangam

Shailesh Prajapati

Mukund Thakur

Subscribe Now

TDS Applicability in case of Charitable/Religious Trust

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

GST CONSULTANT

GST CONSULTANCY

Manager- Finance and Compliance

Accountant

CA Final