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Trust

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(Querist)
12 April 2013 IF TRUST IS not registered u/s 12A

then 15% Exemption will be available or not ?

and form 10B is required or not if not registered and Income is below taxable Limit ?
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CA Sourabh Agarwal

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CA Sourabh Agarwal (Expert)
12 April 2013 Answer to both is negative. Neither eligible for exemption nor Form 10B is applicable
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
28 June 2013 The exemption is for whom. It is only registered Trusts only so the entire income is taxable at regular rate of tax. Similarly all the forms 10A, 10B and other forms can be filed only if you are registered with the Income Tax Department.
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