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Trust

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(Querist)
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
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CA Manish Agrawal

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CA Manish Agrawal (Expert)
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.
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