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Provision for Charitable Trust Under Income tax

Others 1923 views 3 replies

Can anyone Share Provision for Charitable Trust Under Income tax (Section 10-13 )

Regitration procedure for Trust

Account maintainance

Audit Procedure

Exemption to various trust

And other provision

Replies (3)
Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently
Exemption u/s 11/12 apply to trust from a.y immediately following f.y in which application of regstrn is made
Originally posted by : rajesh keshri
Every trust is required to apply 85%of total income for capital or revenue expense & balance 15% after deduction of admnstration expense can be retained permanently

agreed                             


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