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Trust REgistration u/s.10(23C)(iiiad)

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(Querist)
13 November 2009 My friend form a trust & run a school 1.It's Gross receipts is Less than 1 Crore. wheather the trust should be registered under 12A?.
2.Wheather 85% of the fund should be expended in that year.
3.For claiming exemption u/s.10(23C)trust is to be registered under any section.

Regards,
Prakash.M
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hshivakumar

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hshivakumar (Expert)
13 November 2009

1.Registration u/s 12A is not required if gross is less than 1 cr. and 85% is not applicable when there is no regn of 12A.
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