Question ID :
29578
Tax Treatment for Unregistered Trust / Society
Sir,
A Society registered with the sub registrar of Societies but not with Income Tax us 12 A of the Income Tax Act. Kindly advise
Query
1. When Audit of the Society is compulsory? Whether its , when receipts of the society exceeds Rs.50000-? If the Audit Report is to be issued , if any, under which Section and Form No?
2. At what Rate of tax , the society will be taxed? Whether as per slab rate applicable for Individual and HUF or at Maximum Marginal rate @ 30?
3. When the Society will be treated as AOP ( Association of Persons )?
4. Whether the Society not having 12 A registration can accept Corpus Fund donation? If yes, any case law is available, please provide.
posted by
AJAY JAIN
on
Apr 18 2018 12:00AM