Trust
This query is : Resolved
21 March 2018
Sir,If voluntary donations of trust are applied for fixed deposits in banks can the trust registered u/s 12AA can claim exemption.
21 March 2018
it is not application of funds. you still have to apply 85% of the receipts for stated objectives of the organization
22 March 2018
Thank you.
22 March 2018
you are welcome........
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
- 44AD VS 44AB AUDIT
- CESS not claimed in GSTR3B either in inward supplies or outward supplies for the period Oct2025
- Query Regarding Refund Adjustment Against Outstanding Demand
- Seeing a huge entry in AIS Purchase of time deposits (SFT-005), what it is for
- GST APPLICABILITY TO DIAGNOSTIC
- Clarification on GST Applicable for Training Hall Rent Invoice
- GST APPLICABILITY ON DIAGNOSTIC UNIT
- Itr processing delay
- TCS ON SALE OF GINNING MACHINERY AS SCRAP
- Gross Block of assets
- Purchase of property from NRI
- Multiple GST under same PAN
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
