Capital contribution from trustee of the public trust is not taxable, being a capital receipt. for trust regi. u/s 12A. do the trust need to claim any exemption for it ? how this is diffrent then corpus donation for taxation aspect ? kindly clarity
Capital contribution from trustee of the public trust is not taxable, being a capital receipt. for trust regi. u/s 12A. do the trust need to claim any exemption for it ? how this is diffrent then corpus donation for taxation aspect ? kindly clarity
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