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Trust exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2015 Respected Sir
if a charitable trust is apply for 80 G certificate and its financial year is ended before the 80G certificate received then income of financial year exempted under which section ?

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 September 2015 Only in the hands of the doner's exemption u/s 80 G may not be available. Trust will be exempted if it is registered u/s 12AA.
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