banner_ad

Income of Trust

Tax queries 907 views 1 replies

uNDER WHAT HEAD WILL THE INCOME OF THE TRUST BE TAXABLE??

PLEASE REPLY AS IT IS OF UTMOST URGENCE

THANKS.

Replies (1)

if the trust is registered under 12aa  of income tax it is exempt from tax stipulated  to some conditions. the income from trust are shown under  income from other sources as the trust is not  engaged in business  (as for the objectives of the trust). even though the income from trust are shown under business if the is engaged in such business activities which are incidental and ancillary for the attainment of the objectives of the trust .first see the objectives  of the trust and see whether it is registered u/s12 aa of ITact


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details