Under section 80g
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 April 2014
THERE IS A TRUST WHICH PROVIDES THE EDUCATION FACILITIES,THE TRUST HAS ONE LUXURY CAR AND THEY ALSO APPLIED FOR THE 80G.
THE COMMISIONER HAS OBEJECTION IN LUXURY CAR,IS THERE IS ANY PROVISION IN WHICH WRITTEN ABOUT THAT THE TRUST SHOULD NOT HAVE ANY LUXURY CAR..
THE COMMISIONER HAS OBEJECTION IN LUXURY CAR,IS THERE IS ANY PROVISION IN WHICH WRITTEN ABOUT THAT THE TRUST SHOULD NOT HAVE ANY LUXURY CAR..
Rupesh Jain
(Expert)
19 April 2014
R/SIR
YOU ARE RUNNING TRUST AND TRUST ARE RUNNING ACTIVITY FOR THE GENERAL PUBLIC WELFARE AND HELP OF POOR PEROPLE. NOT FOR THE LUXURY ROOM, HOTEL, VEH. USE.
IF YOU ARE BUY THAT IT MEAN YOUR PURPOSE FOR PROFIT GENERATION AND BUSINES PURPOSE. NOT FOR THE GENERAL PUBLIC WELFARE. HE CAN OBEJCT ON THE LUXURY CAR.
YOU ARE RUNNING TRUST AND TRUST ARE RUNNING ACTIVITY FOR THE GENERAL PUBLIC WELFARE AND HELP OF POOR PEROPLE. NOT FOR THE LUXURY ROOM, HOTEL, VEH. USE.
IF YOU ARE BUY THAT IT MEAN YOUR PURPOSE FOR PROFIT GENERATION AND BUSINES PURPOSE. NOT FOR THE GENERAL PUBLIC WELFARE. HE CAN OBEJCT ON THE LUXURY CAR.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
