Income of public charitable trust registered u/s 12A is:

Related MCQs

• When a charitable trust registered under section 12AA paid rent of Rs. 50,000 per month throughout the PY 2018-19 and no tax was deducted at source, the amount of expenditure to be considered for computing the application of income by the trust would be __________ .
• When a charitable trust registered u/s 12AA pays Rs. 50,000 towards rent to a resident for the premises occupied by it without deduction of tax at source for the entire previous year 2018-19, the amount of rental expenditure liable for disallowance would be ________.
• Cash donation given to a charitable trust (approved under section 80G) is eligible for deduction under that section, when the amount of donation does not exceed
• Income of REIF being a business trust by way of renting or leasing of an asset is exempt if:
• Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of
• A religions trust received anonymous donations of Rs. 10 lakhs, the said sum is:
• When an employee receives money on closure of national pension system trust it is
• When the amount is withdrawn from National Pension System Trust, it is chargeable to tax to the extent the withdrawal exceeds ______________ % of the contribution of the assessee.
• Income Computation and Disclosure Standards are to be applied in computation of income under the head:
• A winning from lotteries is Rs. 50,000 and expenses incurred to earn such income is Rs. 5,000. Its taxable income is