I am in the process of filing belated ITR (AY 2014-15) for Trust.
Trust received Donation from Regular Donors (i.e. not anonymous donation and this Donation is other than Corpus Donation).
Query
Please confirm, whether the said Donation received by Trust shall be called Voluntary Contribution and to be reported in Schedule VC of ITR-7.
Your reply, please..............
In addition to reporting in Schedule VC, should the Donation amount be added in the Schedule ‘Other Source of Income’, as if Donation is not added with Other Source of Income, then Schedule CYLA shall have lesser Gross Income.
I need to know the appropriate manner of treating / filling the Donation Receipt details in ITR.
Your reply, please..............
Thanks in advance for possible replies from all concerned.
CAclubindia
