| Law and Procedure an e-book | ||
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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on charitable or religious trusts |
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When maintenance of books of account is mandatory for a trust? |
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Ans. It is mandatory for a trust to keep and maintain books of account and other documents if the total income of the charitable trust, without giving effect to the provisions of Sections 11 and 12, exceeds the maximum amount which is not chargeable to income tax in the previous year. |
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