Benefit of remuneration

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....enefit of remuneration<br> Query (Issue) Started By: - shyamal roychowdhury Dated:- 14-8-2008 Last Reply Date:- 19-8-2008 Income Tax<br>Got 1 Reply<br>Income Tax<br>The Trust deed of my client provide....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s that the trustees will be eligible for remunaration according to work performed by them & also will be entittled to reimbursement of expences incurred by them for works of trust. The trust is also r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....egisterd under income tax & also under trust act . Accordingly trusttes drew monthly remunaration decided by trustees in their meeting & drew reimbursement for conveyance & other expences incurred,. N....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ow assessing officer has disallowed same as benefit to trustees which is against the act . so is not taking under application of fund . Can anyone throw some lighton this ? Reply By CA GOPAL JI AGRAW....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AL: The Reply: Please see the provisions of section 13(2)(c).I think that the onus is on the assessee that the remuneration is reasonable and commensurate to the services rendered by trustees.<br> Dis....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....cussion Forum - Knowledge Sharing ....