Taxability in hands of trust (aop)

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 March 2015 Revenue Expenditure = 860000
Capital Expenditure = 2500000
Revenue Receipts (donation)= 740000
Capital Receipts (Building Fund)= 1100000
How we will compute tax on it ?
Whether consider only revenue expenditure &income or Consider Capital Expenditure & income also.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 March 2015 If it is a charitable trust registered u/s 12A of the income tax.
Capital expenditure will be considered as application and allowed against revenue receipts.