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Charitable trust and section 10(23)(iiiad)

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janak kumar singhal (Querist)
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30 August 2023 sir
I have a question related above subject.
An educational institution covered under section 10(23C) (iii ad) has FDR in bank account and during the year he earned interest on such FDR and TDS is also deducted on it.
1. my question is whether we have to report interest on FDR in other source head or in SCHEDULE IE-4 "INCOME AND EXPENDITURE STATEMENT (applicable for assessees claiming exemption under section 10 (23C) (iii ad)?
Please reply me and oblige.
Thanks

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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21 January 2024 Exemption under Section 11 is available to a trust in respect to the income applied for charitable or religious purposes in India. If the income is applied for purposes other than religious or charitable purposes, it shall be taxable under Section 115BBI.
https://incometaxindia.gov.in/tutorials/76.taxability-of-income-of-charitable-or-religious-trusts.pdf

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