IS THERE ANY PROVISION TO PAY INCOMETAX ON RELEGIOUS MATTER UNDER TRUST ?
radha raman karmakar (Tax Consultant & Practioner) 31 July 2010
IS THERE ANY PROVISION TO PAY INCOMETAX ON RELEGIOUS MATTER UNDER TRUST ?
Shayan Khan (B.com) 31 July 2010
your question is not very clear, nevertheless, a Trust engaged in Only religious activity is not entitled for exemption under Income tax. whereas, trust carrying Charitable purpose then subject to other provisions of the Act, exemption u/s 11 & 12 is available.
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