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.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details