Trust and school

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pavel

student

473 Points Joined July 2009

Hie.

what is the difference between charitable trust and trust running school....there is a school which is registered as s trust but it collects fees from students .what kind of trust it is.

Is this trust running school eligilbe of 85% exp and also for maintaining corpus fund

please explain ,

Regards,

Pavel

Replies (1)

further i want to ask and know ....we are doing accounting in tally ..there is a surplus over expenditure ..where to tranfer this surplus corpus fund or where else ...can shcool tranfer the surplus amount to corpus fund and then create a FD of it.