TMI BlogTaxation of Trust that has not taken 12A registerationX X X X Extracts X X X X X X X X Extracts X X X X ..... If a trust has not taken 12A registration, The Trust Being a Temple receives Rental Income from Shops Bank Interest of about 10 Lakh rupees. As The Trust is not registered it would be taxed as AOP, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Is the Trust liable to pay taxes on 10 Lakh rupees.? - Reply By Siva Rama - The Reply = Yes. The temple is liable of for taxation if 12A registration is not taken, Even donation received by temple ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with a specific direction that it shall form part of corpus fund and donation received for specific purpose, all are liable to taxation, if 12A registration is not taken. Regards, Siva - Reply By Me ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ghana C - The Reply = Thank you for the reply sir. Could you please provide the section which I can refer, It would be of great help. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Exemption is pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovided and it requires for registration. If it is not registered then it is liable for automatic transaction. No specific section is there for this purpose. - Reply By KASTURI SETHI - The Reply = ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I support the views of both experts. - Reply By Ganeshan Kalyani - The Reply = enriching discussion. Thanks. - Taxation of Trust that has not taken 12A registeration - Query Started By: - Meghana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... C Dated:- 21-1-2017 Income Tax - Got 5 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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