Trust
This query is : Open
16 December 2010
Can Public Trust is required to get permission of Charity Comissioner to Write off Debtors or Wtire backs Creditors, if yes then under which section in Bombay Trust Act,1950?
16 December 2010
For Bombay Trust Act, No..But Others Views are Soliciated.
But For Income Tax Purpose, No Such Need From AO. You May Write Off Debtors Amount & Also May Take Same as Application of Income (Included in 85%)
Regards,
But For Income Tax Purpose, No Such Need From AO. You May Write Off Debtors Amount & Also May Take Same as Application of Income (Included in 85%)
Regards,
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