Remember | Register | Forgot Password?
Bookmark This Page   RSS Feeds  Follow On Twitter


Search for Lawyers          

Please Wait ..

Discussion > Others > Trust registered under bpt act 1950   Unanswered Threads Post New Topic

Pages : 1

There are 1 Replies to this message

Sarita Nakhe

[ Scorecard : 81]
Posted On 22 July 2013 at 12:02 Report Abuse

Trust registered under Bombay Public Trust 1951 and not registered under section 11 and 12 of income tax act and received donations say Rs.5 lacs in a year.  Now the trust spent only Rs.1 lac out of Rs.5 lacs in a year.  Can the trust transfer this Rs.4 lacs into the corpus?  Is it compulsory for the trust to spend whole amount received from donation in the same year?  Is the balance unspent amount is taxable as the trust is not registered under section 11 and 12 of income tax act?

To activate Click to Talk, e-mail at 


[ Scorecard : 2261]
Posted On 22 July 2013 at 17:03 Report Abuse

though the Trust deed is unregisterable, you should register the Trust in IT Act.  The donation amount shall be deposited in an approved bank.  consult a local Auditor of Income Tax

Related Files

Previous Thread
Next Thread

Related Threads

Post your reply for Trust registered under bpt act 1950

Your are not logged in . Please login to post replies

Click here to login

Not a member yet ?? Click here to signup



  • This is a public forum. Avoid posting content which you do not wish to disclose in public.
  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.

Subscribe to the latest topics :

Forum Home | Forum Portal | Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads - Month | Unreplied Topics | Forum Stats

web analytics