TaxTMI 
TaxTMI 
If a trust has not taken 12A registration, The Trust Being a Temple receives Rental Income from Shops & Bank Interest of about 10 Lakh rupees. As The Trust is not registered it would be taxed as AOP, Is the Trust liable to pay taxes on 10 Lakh rupees.?
Taxation of Trust that has not taken 12A registeration
21 Jan 2017 
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Taxation of unregistered trust: income including rent, interest and directed donations is taxable absent 12A registration.
Trusts without 12A registration are taxable as an AOP; rental income, bank interest and donations (including corpus-directed or purpose-specific donations) are taxable absent 12A. Exemption requires registration, and no specific statutory section was referenced in the discussion. (AI Summary)
Trusts without 12A registration are taxable as an AOP; rental income, bank interest and donations (including corpus-directed or purpose-specific donations) are taxable absent 12A. Exemption requires registration, and no specific statutory section was referenced in the discussion. (AI Summary)