Fillingof itr-7

This query is : Resolved 

23 January 2013
Dear all

A charitable trust has received 500000 donation and spent Rs 350000 towards public awerness programe

1) While filling ITR-7 under which head (weather business or other sources) the income is to be entered

2) weather i have to show Rs 150000 as income or 500000 as income and 350000 as application u/s 10 & 11.

Kindly let me know

Thanking you

With regards

Shankar Rao

25 January 2013 INCOME - 500000
UTILED - 350000


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