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.
Sometimes, petroleum and crude oil are used to mean the same thing, but petroleum itself is a broad range of petroleum products including crude oil itself. We use the term 'petroleum products after crude oil is refined in a factory.rude oil (a non-renewable resource) is usually found in underground areas called reservoirs. It is liquid in nature and yellowish black in colour. They are composed mainly of hydrocarbons and organic compounds.