A Trust obtained 12AB. The activities are ceased and objects can not be achieved. How to apply or surrender or close the Trust and cancel the 12AB and 80G.
On cancellation of such trusts you are required to pay tax on the accreted income 115TD @ 34.944% and same has to be paid within 14 days irrespective of whether you have income tax payable or not. as the AO will ask for the details of the same
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