Question ID :
40761
Amount withdrawan from Charitable trust
Assessee is a charitable trust, can trustee withdraw money from trust as professional or consultancy fees??
Posted by
Ninad Prataprao Shete
on
Aug 06, 2020
Filed Under
OTHER BODIES
Yes, provided such payments should not hot section 13(1)(c).
Inference :- Parkar Medical Foundation Vs ACIT (ITAT Pune).
Posted by
B.CHACKRAPANI WARRIER on
Aug 06, 2020
Answer ID :
80663
YES. ONLY IF THE AMOUNT PAID IS ADEQUATE AND IT DOES NOT ATTRACT SECTION 13 (1) (C).
Posted by
SHUBHAM SONI on
Aug 07, 2020