Charitable trust income application

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Nilesh Mehta (Querist)
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14 March 2024 Charitable trust required to apply 85% income for object of the trust. What about balance 15% income?
Can we keep as it is in bank account or do we need to invest this in section 11(5) mode?

Please help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 March 2024 Yes, it's left to your option.

Nilesh Mehta

Nilesh Mehta (Querist)
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14 March 2024 Thank you very much sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 March 2024 You are welcome..
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