Hello everybody...
I'm sure that 44AD doesnt apply to trust, but still want to confirm whether it applies to trusts also?
Hello everybody...
I'm sure that 44AD doesnt apply to trust, but still want to confirm whether it applies to trusts also?
Hi, in my opinion it shall not be applicable to trust if it is charitable or religious trust , but if it carries on any bussiness then it will not be covered under the definiton given under section 2(15) and in that case it might be applicable .
Plz correct me if I am wrong .
I agree with Shashank Goyal....
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