After formation of Trust the trust acquires exemption of income tax of the Trust/ Organization under Section 12AB and 80G registration in accordance to the Income tax Act.

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If you make a profit from selling property, shares, or any other asset, it is considered a capital gain. This can be either a short-term gain, if you held the asset for less than a year, or a long-term gain, if you held it for more than a year.

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If your business turnover in goods exceeds Rs. 40 Lakhs or profession service income is more than Rs. 20 Lakhs during the year, it is compulsory to register under GST and file returns