Treatment of 15% Income set apart by the Trust
This query is : Resolved
21 November 2008
please suggest me about the treatment in subsequent year of income other than coupus fund set apart by the trust @ 15%.
Is there any Rule about the use of this income in subsequent year My email id is dsoni81@yahoo.com (urgent)
Is there any Rule about the use of this income in subsequent year My email id is dsoni81@yahoo.com (urgent)
21 November 2008
Yes you have to use it in the next year or carry it forward with a specific object as mentioned in Form 10 and the resolution.
08 January 2009
THANKS SIR,
BUT after set aprt the 15% of Income as per my knowledge there is no further treatment in Law Pleaes clarifiy
thanks in advance
BUT after set aprt the 15% of Income as per my knowledge there is no further treatment in Law Pleaes clarifiy
thanks in advance
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