Trust
This query is : Resolved
05 January 2014
If a religious trust recd. rs. 10 lacs as donation and out of these only 2 lacs has been applied as expenses then remaining 8 lacs will be taxable or not and this trust is registered under 12AA
05 January 2014
refer to explanation to section 11(2) of the income tax act. if you exercise for the option provided therein before the time allowed for filing of income tax return under 139(1), the said income wont be taxed in the current year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- STCG FOR GOLD ETFs
- GST ON DAMAGED GOODS
- Agriculture income or business income
- Taxation on LTCG for property sold after 24JUL2024
- Specified Profession
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
