Trust fd intrest income

Pawan Singhal (chartered accountant) (655 Points)

08 September 2019  

TRUST IS RECEIVED ONLY FD INTEREST INCOME OF RS. 20 LAKH. WHETHER IT IS COMPULSORY TO SPEND 85% OF FD INTEREST TO CLAIM 15% EXEMPTION TO TRUST.

OR FD INTEREST NOT INCLUDE IN INCOME OF TRUST..