09 May 2014
Trust which doesnot have 80G/12AA registration fall under AOP and are taxed as per AOP provisions. And the trusts registered under 80G/12AA are taxable on the basis of Trust provisions.
09 May 2014
All Trusts are governed through AOP provisions only. If it is registered in Section 12AA, exemption under section 11 will be available, otherwise not.