15% Accmulation in trust

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This discussion clarifies whether Fixed Deposit (FD) interest income, both received and accrued during the financial year, counts towards the 15% accumulation limit for trusts. The consensus is that FD interest income received during the year should indeed be considered for this 15% accumulation.

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(Querist)
23 July 2022 Trust can accumulate 15% of income earned during the year. My question is FD interest income received during the year, is to be considered for 15% accmulation or set apart? If so interest income accrued during the year will also be considered for 15% accmulation or set apart?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 July 2022 FD interest income received during the year, is to be considered for 15% accumulation.
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Santhosh

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Santhosh (Querist)
23 July 2022 Thanks a ton sir for your reply!!!
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