Remuneration to trustee

1593 views 1 replies

Dear sirs,

Is the remuneration paid to the (charitable) trustees are allowable expenses under the Income-tax act, because so many trustees are being as an working trustee for the trust on his own time, they are expecting on his actual cost of working for the trust.(not benefit or profit)

Pls.clarify according to the incometax act . 

Replies (1)

Since Trust has to work on the objective for which it is registered and any deviation from the same is clear violation of approvals. However to accomplish the objective reasonable expenses are allowed and soley left to the assessing authority.

Any deviation in the objective will be eligible for cancellation.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

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

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details