TDS applicable to Charitable Institute or Trust
This query is : Resolved
04 March 2010
Is TDS also applicable ot Charitable Institute and Trust do the social work for society.
04 March 2010
MR. RAJESH JAIN,
DEFINATION OF CHARITABLE TRUST (SECTION 2)(15)INCLUDE PRESERVATION OF ENVIORNMENT INCLUDING WATERSHADES, FOREST & WILDLIFE) & PRESERVATION OF MONUMENT OF PLACES OR OBJECTS OR ARISTIC OR HISTORIC INTERSET.
AND AS PER SECTION 115BBC,FINANCE ACT, 2006
ANONYMOUS DONATION TO THE EXTENT IT EXCEED HIGHER OF 5% OF TOTAL DONATIONS RECEIVED OR RS. 1,00,000.00 SHALL BE TAXABLE @30% AS PER AMENDMENT BY FINANCE ACT 2010 ON BUDJET.
ramesh.arti@yahoo.co.in
DEFINATION OF CHARITABLE TRUST (SECTION 2)(15)INCLUDE PRESERVATION OF ENVIORNMENT INCLUDING WATERSHADES, FOREST & WILDLIFE) & PRESERVATION OF MONUMENT OF PLACES OR OBJECTS OR ARISTIC OR HISTORIC INTERSET.
AND AS PER SECTION 115BBC,FINANCE ACT, 2006
ANONYMOUS DONATION TO THE EXTENT IT EXCEED HIGHER OF 5% OF TOTAL DONATIONS RECEIVED OR RS. 1,00,000.00 SHALL BE TAXABLE @30% AS PER AMENDMENT BY FINANCE ACT 2010 ON BUDJET.
ramesh.arti@yahoo.co.in
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