Charitable trust income application
This query is : Resolved
Quick Summary
Nilesh Mehta
(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
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
(Expert)
14 March 2024
Yes, it's left to your option.
Nilesh Mehta
(Querist)
14 March 2024
Thank you very much sir
CA R SEETHARAMAN
(Expert)
14 March 2024
You are welcome..
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