Trust running school
pavel
(Querist) 27 March 2019
This query is : Resolved
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 fundÂ
please explain ,
Regards,
Pavel
Dr J C Vashista
(Expert) 27 March 2019
The school charging fees is "out of" charitable status, however, it may be managed by a trust.
It is a examination hall question paper or a real story?
Guest
(Expert) 27 March 2019
What is your objection in the school charging fee as a trust running school is not clear. If as an Article CA, you could not apply your own mind, you could have asked for clarification from your Principal CA or the class instructor.
However, the difference is like a father and a son. Trust, a legal body, is a father, which created and is running the school and on the other, school, as its son.
School, if run by a trust does not mean that it should not charge fee from students to meet with the needed money for spending to maintain its regular running and continue to meet with the educational requirements of the students..
sanjeev kumar goel
(Expert) 27 March 2019
Dear Pavel your query is that the trust is running the school. First of all you should check the purpose of trust formation under which school is running whether charitable or general trust then ask the question. You will get your answer from the objects of trust itself.
