Whether a trustee can be prinicipal of school & receive remuneration?

A B Kundu (Professional) (1422 Points)

21 August 2019  

A Trust is to be set up for running a School. Whether the person who is the Author of a Trust as well as the Trustee, can become the Principal of that School? If yes, then whether he can take Salary/ Remuneration for such designation? Please guide in accordance with Sec.12AA of the Income Tax Act.

 

Thanks