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.
Fossil Energy Study Guide: Oil. Petroleumâor crude oilâis a fossil fuel that is found in large quantities beneath the Earthâs surface and. is often used as a fuel or raw material in the chemical industry. It is a smelly, yellow-to-black liquid and is. usually found in underground areas called reservoirs.