TaxTMI 
TaxTMI 
Taxation of Trust that has not taken 12A registeration
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....axation of Trust that has not taken 12A registeration<br> Query (Issue) Started By: - Meghana C Dated:- 21-1-2017 Last Reply Date:- 23-1-2017 Income Tax<br>Got 5 Replies<br>Income Tax<br>If a trust ha....
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....s 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 ....
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....liable to pay taxes on 10 Lakh rupees.? Reply By Siva Rama: The Reply: Yes. The temple is liable of for taxation if 12A registration is not taken, Even donation received by temple with a specific d....
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....irection that it shall form part of corpus fund and donation received for specific purpose, all are liable to taxation, if 12A registration is not taken. Regards, Siva Reply By Meghana C: The Reply:....
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.... Thank you for the reply sir. Could you please provide the section which I can refer, It would be of great help. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Exemption is provided and it requires fo....
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....r registration. If it is not registered then it is liable for automatic transaction. No specific section is there for this purpose. Reply By KASTURI SETHI: The Reply: I support the views of both exp....
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....erts. Reply By Ganeshan Kalyani: The Reply: enriching discussion. Thanks.<br> Discussion Forum - Knowledge Sharing ....