banner_ad

Prov. of trust conducting manufacturing actvt.

Tax queries 442 views 1 replies

A CHARITABLE TRUST WANTS TO START MANUFACTURING ACTIVITIES (MANUFACTURING OF AYURVEDIC MEDICINES LIKE IN PATANJALI YOGPEETH). WHETHER TRUST CAN CLAIM EXEMPTION U/S 12A AND WHETHER IT CAN REGISTER U/S 80G??????

PLEASE PROVIDE THE PROVISIONS APPLIED ON PATANJALI YOGPEETH TRUST WHICH CONDUCT MANUFACTURING OF AYURVEDIC MEDICINES ACTIVITY.

Replies (1)

Dear Sandeep,

If the main object of the trust is any of the below, then it will remain exempted form tax and can register under 12AA and 80G:

relief of the poor

Education

medical relief

preservation of environment (including watersheds, forests & wildlife)

Preservation of monuments/places/objects of artistic/historic interest

However, if the purpose of trust is advancement of any other object of general public utility then it would lose exemption if the turnover exceeds Rs 25 lakhs

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details