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I have a trust engaged in several different type of activities like certification, training, seminars, exhibitions, research & development etc. with non-profit intentions.
But all of the above activities can be grouped mainly in 2 groups :
Training & Education
Research & Development
Direct expenses are charged against revenue from these respective activities and indirect expenses are apportioned based on revenue ratio.
--- Meera
In these circumstances, can the trust take the benefit of section 12AA?
Can it claim benefit of section 35 in respect of expenses made for research activities? Under section 35 or any other section?
What other benefits can it claim?
---meera |
