10B excess Application
This query is : Resolved
02 October 2024
I am getting an excess application in the form of negative taxable income in form 10b. Any consequences?
04 October 2024
you need to provide the source of the excess application (from past accumulation etc). The net result should always be zero in case of charitable organizations.
04 October 2024
Ok. I guess I shouldn't report the excess application in clause 31 to the extend of negative taxable income and report it in 37.
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