Aop trust return

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sandeep (Querist)
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17 May 2014 My one of the client is registered under Trust.. trust is running the college and charges fees from the students and also gets donation corpous as well as other than corpous fund... i have a question that where i should disclose these income in the computation while filing the return and under which head i.e whether in other income or business ...
Corpous donation 3250000 Rs
Other than corpous donation 423840 Rs
Bank Interest 65005 Rs
Fees Received Rs 28751600 Rs
Interest on FDr 194258 Rs
Revenue Expenditure Rs 23728102
Depreciation Rs 2831365
Net Income Over Expenditure 2875236 Rs
Capital Expenditure on Fixed Assets Rs 12845491
Fixed deposit made D.Y 200000

Please tell me how and where i have to feed the data in the return

Shivang Chokshi

Shivang Chokshi (Expert)
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19 May 2014 if corpus donation is for specific purpose then you need to keep it separate..

net income is to be taken into picture.. keep 15% aside and remaining money is taxed.. such taxable money is reduced by any investments made for college betterment.

sandeep

sandeep (Querist)
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19 May 2014 Pls tell me how to show in the computation? and under which head income

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