Surplus in case of chartiable organisation
This query is : Resolved
16 September 2015
I have a client - trust who is having surplus of Rs 175,000 for AY 2015-16, the client has to invest in modes specified u/s 11(5) of Income Tax Act, 1961 before due date of 139(1). Now, my query is that client is in need of money in the next month and please suggest a practical flexible mode of investment ? So that client can invest and claim investment for AY 2015-16!
But , client now has only Rs 1 Lakh and Rs 75,000 was already utilized for the objects of the trust.
What has to be done in this case?
But , client now has only Rs 1 Lakh and Rs 75,000 was already utilized for the objects of the trust.
What has to be done in this case?
16 September 2015
Invest in fixed deposit for 30 days.
Message likes :
1 times
16 September 2015
What amount?
Fixed deposit with any scheduled bank right?
Fixed deposit with any scheduled bank right?
16 September 2015
Yes fixed deposit with any scheduled bank. Deposit the available surplus.
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