: Is there any tax liability for a Voluntary Organisation
which is not registered u/s 12A and
receipt are less than minimum taxable limit.
net income is less than minimum taxable limit.
there is only corpus fund donation.
: Whether under the scope of Article 371 A of the "Constitution
of India" Charitable Voluntary Organization or trust
or any association of person in North East area would be
outside the purview of Income tax Act and accordingly such
charitable body would be exempt from income-tax provisions
: Whether loans can be given by trust.
staff (to what extent).
students for study.
undertake R & D programme of general nature or specific nature.
iv) To another trust.
any of the above loan in violation of investment of funds
under Income Tax Act, which could affect its registration ?
would be the treatment in accounts at the time of payment
or receiving back of the loan amount ?
Whether it should be shown in the balance sheet
as an asset in all the above cases ?