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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Assessment of trust as AOP - exclusion of Corpus funds - all the ...


Trusts Without Section 12A Registration: Voluntary Contributions Taxable; Corpus Funds Exempt as AOPs.

December 3, 2017

Case Laws     Income Tax     AT

Assessment of trust as AOP - exclusion of Corpus funds - all the voluntary contributions received by the assessee are taxable within the meaning of section 2(24)(iia) of the I.T.Act if the registration u/s 12A is not available to the assessee. - AT

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