Menu
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)
Yes , but for which purpose..
For conducting school in the premises owned by trustee.
Yes you can take exemptions.
Recent Topic
- Gift recd from brother
- How to show Loan write off in DPT 3?
- Form 10E and Salary arrear
- LTCG U/S 54F. Sale of property plus sale of share
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
Related Topics
CAclubindia
