alleryStart learning →Money from a trust registered under section 12AB is?
AOutside section 56(2)(x)
BTaxable if above Rs 50,000
CTaxable in the next year
DTaxable at half value
Answer & Solution
Correct answer: A. Outside section 56(2)(x)
The proviso excludes sums received from or by a trust or institution registered under section 12A, 12AA or 12AB.
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