My client is a Charitable Trust registred u/s 12AA.
I am filling ITR-7 for it. There is only two incomes- 1) Voluntory Donations and 2) Interest on Fixed Deposits.
I have filled details of Voluntory Donations in schedule-VC of ITR-7 and details of Interest on FD in schedule- OS.
And details of expenses incured in the schedule-ER. Is it right or i should entered this details in any other schedule ?
Does Interest on Fixed Deposits is exempt for trust ? And where it should be shown in ITR-7 ?
CAclubindia
