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.
Petroleum products include transportation fuels, fuel oils for heating and electricity generation, asphalt and road oil, and the feedstocks used to make chemicals, plastics, and synthetic materials found in nearly everything we use today.bout 76% of the 6.97 billion barrels of petroleum products that were consumed in the United States in 2014 were gasoline (47% of total petroleum consumption; includes biofuels), heating oil and diesel fuel (21%), and jet fuel (8%). Learn more:
When oil is referred to in the company of gasoline, crude oil is specifically what is intended. Crude or unrefined oil is also called petroleum. Petroleum is a naturally occurring liquid fossil fuel made up of multiple hydrocarbons and other organic compounds that can be found in rock formations of the Earthâs surface.fter the oil is distilled, it is used to make a variety of petroleum derivatives with fuel derivatives being the most common. Ad. The major difference between oil and gasoline is the fact that gasoline is a fuel derivative of oil.