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Surplus of income & expenditure of trust in it return.

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(Querist)
13 August 2015 I have audited financial statement of welfare society (AOP) it shows surplus in income & expenditure a/c. when I prepare ITR 5, in which head such surplus will be clubbed whether in business head or other sources.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 August 2015 If the society is not doing any business show it under other income,
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
13 August 2015 Any Surplus should be shown under Business Head, although their intention is not business but ITR-5 is for AOP where you need to show your regular income under business group.
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CA Atul Chauhan

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CA Atul Chauhan (Querist)
13 August 2015 Such surplus is comprises of excess of donation and members contribution after welfare activitites.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
13 August 2015 Show it under other income.
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