Charitable Trust may be registered under 12A and 80G of the I T Act but unless specifically exempted for TDS, yearly based on application made, TDS provisions applicable to the trust even trust income is exempted.TDS provisions applicable to the trust when it makes payment to others. Chegi Reddy Pothi Reddy. (Querist).
Petroleum is found in many places around the world: the largest reserves, however, are located in Saudi Arabia, Venezuela, Canada, Iran and Iraq. Petroleum reserves may span vast areas of land. They are found on land and at sea, and some locations have a wealth of reserves in one central spot, which are called petroleum plays. Continue Reading.
Petroleum â Oil and Natural Gas. Oil and natural gas together make petroleum. Petroleum, which is Latin for ârock oil,â is a fossil fuel, meaning it was made naturally from decaying prehistoric plant and animal remains.It is a mixture of hundreds of different hydrocarbons molecules containing hydrogen and carbon that exist sometimes as a liquid (crude oil) and sometimes as a vapor (natural gas).ransportation needs use 66% of all available petroleum to fuel cars, buses, trucks and jets. That means 34% of oil is used for all the other items that make our daily lives easier. Most people have no idea how often they come in contact with things made from oil or natural gas.