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Accumulated surplus exceeding 15%

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(Querist)
17 July 2025 In case of Public Charitable Trust if the amount of accumulated Surplus not exceeding 15% is not mentioned in the ITR then assessing officer is suppose to allow on his own while computing total Assessed income???
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
12 August 2025 Trust should always disclose accumulated surplus ≤15% in the ITR.
AO may not allow it automatically if not disclosed.
Proper disclosure and compliance with conditions of accumulation are necessary for exemption.
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