Trust Corpus Fund


This query is : Resolved 

Quick Summary
A Trust Management Committee can establish a corpus fund using revenue receipts, provided the trust deed explicitly allows it. However, it's important to note that such transferred amounts are not eligible for income tax exemption under section 11(1)(a). This is particularly relevant for associations not registered under Section 12A.

27 August 2020 Can a Trust Management Committee Create a Corpus Fund out of it's Revenue Receipts by Passing a Resolution ?

27 August 2020 Can do so if trust deed permits, but income tax exemption cannot be claimed per 11(1)(a) for such transferred amount.

27 August 2020 Sorry; It is an association not registered U/Sec 12A...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details