Educational institution providing books to its students and it recovers the amount of books from student.The educational institution have not make any profit on it.it just collect the amount from students and pay it it vendor.whether the trust is treated as business trust or not?
Menu
Taxation of trust u/s11
Replies (5)
Yes, unless registered u/s. 12A of IT act.
Yes it registered under 12A
If other conditions of the trust are complied as per its objectives, it cannot be called business trust.
If any charitable institution pay salary to employee on account of agricultural related activity crosses more than RS 50k in a month tax to be paid and he is not regular employee and on contract basis he is doing actibity
Casual labour of charitable institution recd RS 50k in a month for doing agricultural activity of trust is taxable and if taxable at what rate and what is the provision under income tax pl reply
Recent Threads
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
Related Threads
CAclubindia
