SHASHANK SHEKHAR DASH
31 July 2009 at 09:10
Please clarify on the appicability of Section 62 of THE KARNATAKA HINDU RELIGIOUS INSTITUTIONS AND CHARITABLE ACT, 1997, on seeking permission from State Govt for mortgage of immovable property belongng to a charitable trust running an educational institution
SHASHANK SHEKHAR DASH
19 July 2009 at 17:00
I want to know whether any permission is required from court/Govt/ Charitable Commissioner, when a charitable trust wants to mortgage its property for raising a loan from a commercial bank(though the trust deed & resolution empowers it to do so).I may add that there are several opinions among my collegues & many of the advocates are unable to give a definite answer to the same.
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Notice period recovery
Pl clarify whether notice period recovery csn be part of assessable income in form no 16.