Trust - Donation Taxability
Trust received Donation
Donation received is in invested in purchasing Property.
so the Property purchased is given on Rent. Whether the Rent Received is subject to tax and under which section??
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Income tax
Replies (4)
Quick Summary
Trust income is subject to tax under section 12 of IT act
What will be the taxability of income for the above mentioned case.
Normal rates
Great
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