15% Accmulation in trust
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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?
23 July 2022
FD interest income received during the year, is to be considered for 15% accumulation.
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