Corpus received by unregistered trust

1. taxable in the hands of trust under income from other sources.

2. Unregistered trusts do not qualify for any deductions or exemptions available to Registered Trusts.

There is 30% tax + 4% Surcharge on income of unregistered trust (including Corpus Donations) and such Trust is taxable as AOP

3. ITR 5

Sir ... Some ppl on internet are saying it's a capital receipt not taxable even if it is received by unregistered trust . I am really confused now

What type of Trust it is ?
What purpose Corpus is meant for ?
What connection has ABC Co to the Trust
Why it's not registered under iTax 12A
is it registered under any State Trust Act
What type of Trust constitution is there
Under which category PAN card is obtained
is it private Trust or a public Trust

Under the disguise of capital receipt, can't avoid deemed income of gift under 56

There are many factors which will be determining taxability. But generally it is taxed at MMR

Thanks for replying .

1.Private trust

2.construction of building for trust members 
3.most of the company directors are also the members of the trust
4. Because they don't want to disclose all their money transfer activities to the govt and Dept.
5.pan as private trust.

Ohh this is a private Trust for construction of trust building for trust members.

Basically this is AOP of members. I hope everybody contributed equally or fllat area wise.

This contribution is not donation at all but it is a contribution as one of the beneficiaries. In this way it's a capital receipt standing to his credit.

So what do you think now ... How should we treat this amount . ?

At the most it may be considered a joint venture for building project under the auspices of so called Trust.

The contribution by the member beneficiaries will be capital receipt (hopefully it will be equal)

If the shares of the beneficiaries are determinate then no tax in the hands of AoP.

but share of income If any say bank interest etc will be taxed in the hands of respective beneficiaries.

If shares of beneficiaries are indeterminate then income if any will be taxed in hands of AoP at MMR that is 30%+4% cess