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Is trust run institute without any govt affiliation
16-Jul-2023 (In Wills / Trusts Law)
A is trust
B is trust's institution ..
Both have different PANCARD
Trust run institute and given nursing assistant certificate to Student ..
Institution collected fees from students but not showing in trust account but distribute certification in the name of trust ,is legal or illegal
It is mandatory for a trust to file Income Tax Returns. A trust gets 85 percent exemption on taxes if it invests in money in the Education Sector. Thus, whatever income the trust is generating in your case from its Educational Institute, that income, the trust has to show in its account. Even, if the Educational Institute hasa separate account, it would be considered as the supplementary account of trust in your case.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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It appears that a dual relationahip is created to show as one, and funds collected in the name of trust are being siphoned off by the institution, without any consideration.
This can be challanged...
This can be challanged...
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Adv. Sarthak Shah
Mumbai | 100+ Answers
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