Re: [aaykarbhavan] CHOOL RUN BY A CHARITABLE TRUST

Dear Mr. Mohan

A O     lost   his mind,    

your  trust got 12 A ,  i.e.    12 A  can  be  obtained  only   if  trust not doing business, & carrying on charitable activities.

At time  of 12 a application  had your trust written as  the purpose/ objects  of    trust = as  doing    business  for school running,    

your trust would  not  have got 12 A  only  & it would have rejected .

where  is the  question of business .  it s a charitable activities.

Ask  your a o  to  visit  your school  ,,, & show  him that trust is doing very   good  for society as a whole , challange him. .

All  A. O.   treats   all 12 a  charitable trust as business only.,  they dont spare even Tata  cancer hospital also. 

Its all   harassment

vishal

On Tuesday, 5 November 2013 5:09 PM, Mohan Thomas <ktmandco@yahoo.com> wrote:

 

A charitable Trust registered U/s 12A of Income Tax Act is running a CBSC School and many other charitable institututions such as orphanage etc. In the School fees is collected from students and fee concession is given to the needy . In the income tax return the income from the school is shown as 'income from other sources' . But assessing authirity is of the opinion that the income from school must be shown as 'Business Income' . The trust is not running the school as a business venture and the objects of the trust include running of educational institutions.  Is the  opinion of the assessing authority  correct.

ktmandco

 

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