Company

Kindly elaorate your query.Not clear.

thanks charu , there is confusion regarding 85% and 15% concept of trust in case of application of subscripttion recd to section 25 companies also

Concept of section 25 is alltogether different from the concept of 85:15. What you are takling is under income tax which says that atleast 85% of the income of the trust should be spent to get the benfit of exemption under 12 A. Even if the trust does not spends the money, the only thing will be is tax @ 30% on balance non spent profit of the trust.