Form 10 b

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Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2015 Hello ,
In form 10 B Annexure 1 , I st question is " amount of income of the previous year applied to charitable or religious purposes in India during the year". Whether this means amount applied for revenue expenditure & capital expenditure or only for revenue expenditure ?.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 May 2015 Both can be included. But depreciation, if any, on that asset will not be allowed as application of income if capital expenditure is claimed as expended for charitable purposes.

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Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2015 and sir what is the due date for filing form 10 B?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 May 2015 No due date as such. But now it has to be filed electronically along with the return of income meaning thereby the due date becomes(indirectly) 30 th September of the respective assessment year.

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