Charitable Trust : Status ,Tax Rate & Audit of Accounts Simplified !

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I am often asked this simple question about charitable trust – where is the tax rate applicable to a charitable trust and if a charitable trust does not have any income in a year , should the accounts still be audited. It is true that one does not find easy & simple answer to theseĀ  simple questions. So, this post is going to simplify the answer for you .

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