What is the major difference between Trust, Socities and company registered U/S 25 of company act 1956 with income tax point of view?
Menu
Major difference
Replies (3)
Shivani,
As far as the Income Tax goes, there is no difference between the 3. IT ranks all the NPOs at par. except that in case of section 25 company, MAT provisions apply. However, there would be no effect of MAT since the book profits would be nullified while calculating the Book Profits.
- Ankit
I have also sent you a Pvt. Msg. regarding this.....please check tha same
i checked it nd thank u.
Recent Topics :
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
Related Topics :
CAclubindia
