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Income Tax - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Assessment of trust - construction of Public Toilets under the ...

Case Laws     Income Tax

January 15, 2024

Assessment of trust - construction of Public Toilets under the Central Government Scheme “Swach Bharat Abhiyan' - Swach Bharat Fund directly transferred to the Balance sheet without taking it into Income & expenditure account of the assessee - the assessee is not the owner of the funds but holding the same in fiduciary capacity, hence, no addition is called for on this account - AT

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