Tax for trust
Dr. reena
(Querist) 26 September 2014
This query is : Resolved
i have a trust sarvodya foundation reg.trust act 1882 create in 31 jun 2013. Its a charitable Trust. The Purpose of this trust – 1. Provide education, home & healthy food of orphan laborers and beggars child. 2. To arrange Leaving place of destitute women & older people and to support their rights. To environmental protection, etc. The purpose of this institution. It is not just a job but nor is there any fund. I'm trying to figure out what the Trust is required to pay the tax. Trust needs to register at the income tax office.
ajay sethi
(Expert) 26 September 2014
raise query in caclub india .com
Anirudh
(Expert) 26 September 2014
The objective and purpose of the trust seems to be charitable. It is entitled to get registration under Section 12AA of the Income Tax Act. Once registered, and if you strictly follow the charitable purpose, then the income of the trust will become tax free. You have to necessarily consult a tax consultant in your area to get the job done properly.
It is not clear in which locality you are placed.
Dr. reena
(Querist) 28 September 2014
thanks sir,
location is meerut in up
