Ray charitable trust (registered) has total income of rs 20 lakh
it applies 10 lakh towards its object
how much tax shall be chargeable if trust do not opt for accumulation U/S 11(2)
trust
Replies (1)
income chargeable to tax = 20 - 3 (20*.15) - 10 = 7 lakh
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
