Can trust engage in manufaturing activity

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Audit Manager
31 Points Posted on 28 June 2014

A REGSITERED TRUST HAVING 80G EXEMPTION CERTIFICATE. THE TRUST'S MOTO IS TO SAVE COWS FROM SLAUGHTER. THE TRUST HAVE HUGE AMOUNT COW DUNG AND FOR THE EXPENSES OF FEEDING COW THEY ARE USE THE COW DUNG TO PRODUCE PHENOYL FOR SALE. IF THE TRUST ENGAGES IN  THE MANUFACTURING ACTIVITY, WHETHER THE 80G EXEMPTION WILL BE WITHDRAWN OR NOT.

 

 

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On 28 June 2014 at 10:38 Report
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Entrepreneur
496 Points Posted on 28 June 2014
Nope since the activity is for carrying out the purpose of trust & i dont think its registration will be withdrawn for this reason
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On 28 June 2014 at 12:13

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