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Rent to trustee

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400 Points Joined April 2017
A Mumbai based trust runs an education institution from the premises of trustees. Can the trustee take rent from trust? What are the implications under income tax as well as The Bombay Trust Act?
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On 29 July 2023 at 18:03 Report
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Profession Business
28196 Points Joined May 2017
Yes , but for which purpose..
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On 04 August 2023 at 07:58
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400 Points Joined April 2017
For conducting school in the premises owned by trustee.
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On 04 August 2023 at 09:14
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Profession Business
28196 Points Joined May 2017
Yes you can take exemptions.
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On 06 August 2023 at 19:32

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