Case law : ABC company has an amount of 2 crs in the name of mutual funds in its balance sheet . the company transferred this amount to xyz trust which is unregistered as a corpus donation .
Query is : 1. whether corpus donation of the trust be exempt or taxable in its hands. and if yes which head ?
2. reasons for the same .
3. Trust shall file its return in itr form no . ? please reply asap .