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pawan choudhary (propreitor)     20 July 2011

Can specific purpose u/s11(2) be non-capital/ Regul. Expenditure

RULE:- U/S 11(2) THE ADDITIONAL AMOUNT (OVER AND ABOVE 15%) ACCUMULATED OR SET APART FOR SPECIFIED PURPOSES.

SHOULD THIS SPECIFIED PURPOSE BE NECESSARILY AN CAPITAL EXPENDITUR OR CAN IT BE GENERAL DAY TO DAY CHARITABLE ACTIVITY  OF THE TRUST  ?   LIKE MAINTAINANCE OF DHARAMSHALA AND /OR SPREADING SPIRITUAL, SOCIAL AND HARMONIAL EDUCATION IN THE SOCIETY.

 



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