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Doubts in ITR-7

This query is : Resolved 
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(Querist)
21 October 2023 1. In Computation statement of Educational Institutions while filing in ITR-7 the computation is to be shown as per actual receipts or by including receipts receivable and expenses payable
2.Whether loans received during the year can be taken as a receipt which are used for payment of expenses
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 October 2023 1 Computation is to be shown as per actual receipts and expenses.
2 yes take it as receipt and treat loan repayment as application.
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