A charitable trust registered under section 12AA has gross receipts of ₹40 lakh. It spent ₹28 lakh towards its objects. The total income of the trust chargeable to income-tax would be —
CS Executive · Tax Laws and Practice · PYQS · December 2016
A charitable trust registered under section 12AA has gross receipts of ₹40 lakh. It spent ₹28 lakh towards its objects. The total income of the trust chargeable to income-tax would be —
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Income Tax
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