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Query Details

Asked by namish on :Jun. 27, 2018

What would be the taxation on income from the pro…

What would be the taxation on income from the property of trust?

What would be the taxation on income from the property of trust?

0

Jeeba Jun. 27, 2018

If the income from property is applied for the aforesaid purpose of the trust then no tax is payable.

In other case income derived from a property is exempt up to the 15% of total income. It means 85% income from the property has to be applied for the charitable/religious purpose.

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