Trust audit
This query is : Resolved
12 May 2012
Whether all other provision of Income Tax will apply in the case of trust except Sec. 11,12,13.
for eg. whether provision of section 40A(3) OR TDS Section will apply to trust or not?
for eg. whether provision of section 40A(3) OR TDS Section will apply to trust or not?
CA PARAS BAFNA
(Expert)
12 May 2012
Yes. Without applying other sections income can not be computed. 40A(3) would be applicable if trust carries on any business activity. Similarly TDS provisions will also
be applicable.
be applicable.
Sumti Bhadani
(Expert)
12 May 2012
Yes, all the other sections apply to the trust as without applying them income cannot be computed.
Yogesh Agarwal
(Expert)
13 May 2012
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