Trusts

Author:Mr Anil Harish
Profession:D.M. Harish & Co.
 
FREE EXCERPT

Sec. 10 (23C), Sec. 13(8) andSec.143 (1)(D) : Section 2(15) already provides that if a charitable or religious Trust carries on activity of trade, commerce or business, above a threshold level, the Trust will lose its exemption from Income-tax. Section 10(23C) and Section 13(8) are now proposed to be amended with retrospective effect from 01/0/2009...

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