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.
The oil and natural gas that power our homes, transportation and businesses are found in small spaces (called âporesâ) between layers of rock deep within the Earth. Many offshore wells, for example, are drilled in thousands of feet of water and penetrate tens of thousands of feet into the sediments below the sea floor.ost observers agree that significant deposits of oil and gas remain undiscovered in the Middle East. The largest reserves of natural gas are found in Russia, Iran, Qatar, Saudi Arabia, the United Arab Emirates, the United States, Algeria, Nigeria, Venezuela and Iraq.