alleryStart learning →Under section 13(2)(b), rent-free use of trust property by a trustee is what?
ADeemed use for his benefit
BA valid donation in kind
CExempt corpus income
DTrust business profit
Answer & Solution
Correct answer: A. Deemed use for his benefit
Making property available without adequate rent or compensation to a specified person is deemed use for that person's benefit.
Keep practising Taxation of Charitable and Religious Trusts
Browse all Taxation of Charitable and Religious Trusts questions for CA Final, or explore more Taxation topics.
Related questions
Shareholding of Indian REITs is skewed towards which investors?What does the term waqf literally mean?Under Islamic law, an asset donated as waqf cannot be what?Which provision requires political parties to disclose donations and expenditure publicly?For a section 80GGC claim, the party must register under which Act?Section 11(1) relief is subject to which sections of the Act?Accumulated income is taxed under section 11(3) if the trust does what?When is a trust's capital gain deemed applied under section 11(1A)?