Charitable trust income application

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A charitable trust is required to apply 85% of its income towards its stated objectives. The question arises regarding the remaining 15% of income: can it be held in a bank account, or must it be invested according to Section 11(5) rules? The advice given is that the handling of this balance is at the trust's discretion.

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(Querist)
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
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CA R SEETHARAMAN

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

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

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