Welfare Charitable Trust (registered under section 12AA), paid monthly salary of ₹25,000 to its manager. It paid ₹10,000 by account payee crossed cheque and ₹15,000 by cash on the first day of every month during the prev
CS Executive · Tax Laws and Practice · PYQS · December 2019
Welfare Charitable Trust (registered under section 12AA), paid monthly salary of ₹25,000 to its manager. It paid ₹10,000 by account payee crossed cheque and ₹15,000 by cash on the first day of every month during the previous year 2018-19. The amount of salary eligible for deduction while computing the income of charitable trust for the assessment year 2019-20 would be :
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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