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, rock oil (mid-14c. in Anglo-French), from Medieval Latin petroleum, from Latin: petra : rock + oleum : oil. ) is a naturally occurring, yellow-to-black liquid found in geological formations beneath the Earth 's surface, which is commonly refined into various types of fuels.etroleum is used in manufacturing a wide variety of materials, and it is estimated that the world consumes about 90 million barrels each day. Concern over the depletion of the earth's finite reserves of oil, and the effect this would have on a society dependent on it, is a concept known as peak oil.