Comparative analysis

jtreddy (articled student) (61 Points)

23 April 2008

Dear all,

any one can help me on conparative analysis between Section 25 company and Trust.

Please....

Thanks in advance

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2 Replies

CA Akshat (article) (422 Points)
Replied 23 April 2008

hi man....

section 25 compaany registers under companies act while trust is to b registered under indian trust act

trust may b for the private or public purpose whereas section 25 companies to promot science art literture etc

if public charitble trust follows certain conditions then its income is excempted from tx whereas no exemption for section 25 compny

section 25 company has to pay tax on book profit u/s 115jb no payment of tax for trust under this section

CSMilind NIrkhe (Practising Company secretary) (53 Points)
Replied 05 February 2009

Originally posted by :akshat
"	hi man.... section 25 compaany registers under companies act while trust is to b registered under indian trust act trust may b for the private or public purpose whereas section 25 companies to promot science art literture etc if public charitble trust follows certain conditions then its income is excempted from tx whereas no exemption for section 25 compny section 25 company has to pay tax on book profit u/s 115jb no payment of tax for trust under this section	"