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If Trustee is autorickshaw driver can he charge auto fare as per meter from Trust if doing work of Trust . If a Trust gross annual income including FD interest is less than 200000 and has no immovablr ptoperty, is it compulsory to file returns with IT after taking certificate of registration from IT ?
Hello sir,
The autoriksha will charge the meter based amount to everyone eithe individual, company, firm or trust etc, he will charge the amount as per based on meter rating and the price decided.
As per trust if you are having the income, that need to displayed to the IT Under Income Tax , and if you are eligible, then have to pay the tax. If income that is taxable above 50 lakhs.
Thank you.