Trust
This query is : Resolved
14 May 2011
If any trust have dividend income and donation receipt.
Whether dividend income wil be tax for trust.
If any investment is made (Mutual fund) then whether such investment will be elgible for deduction while computating the net income.
Pls advice
Whether dividend income wil be tax for trust.
If any investment is made (Mutual fund) then whether such investment will be elgible for deduction while computating the net income.
Pls advice
16 May 2011
TRUST'S DIVIDEND INCOME SHALL BE INCOME FROM OTHER SOURCES.
INVESTMENT IN MUTUAL FUND BY A TRUST INTO 80C SECURITIES ARE NOT COVER UNDER DEDUCTION SINCE THEY ARE MEANT FOR INDIVIDUALs, HUFs etc.
INVESTMENT IN MUTUAL FUND BY A TRUST INTO 80C SECURITIES ARE NOT COVER UNDER DEDUCTION SINCE THEY ARE MEANT FOR INDIVIDUALs, HUFs etc.
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