Rent to trustee

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?
Replies (3)
Quick Summary
This discussion explores whether a trustee can charge rent to a trust that operates an educational institution from property owned by the trustee. It addresses the legal and tax implications under both The Bombay Trust Act and Indian Income Tax laws, noting that charging rent is permissible for specific purposes like conducting a school.

Yes , but for which purpose..
For conducting school in the premises owned by trustee.
Yes you can take exemptions.

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