Bombay public trust act 1950
Parag Udas
(Querist) 18 July 2015
This query is : Open
We are having trust hospital. We have given it on third party to run on O&M basis. Party gives is 3% profit sharing yearly basis. In this case amount to be deposited in IPF account for treatment of Indigent & weaker section under BPT act 1950 Clause 41AA shall be Gross receipt of third party OR 3% profit which trust is getting as a gross receipt from Third party. Please clarify this.