Menu
Charitable trust
a charitable trust can do business. if it carry on business what are the consequences with regard to section 11 & 80G of income tax act
Replies (2)
if business is incidental to objects of trusts and separate books are maintained exemption is available. or else no exemption for business income
as long as you invest your business income towards the objective laid out in trust deed, you can get exemption. (I am a founder of One NGO)
Recent Threads
- GST Rule 14A for Export of Service with Hypothetic
- GST ON QUERY
- Initimation on AIS
- GST on sponsorship from foreign body corporate
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
Related Threads
CAclubindia
