Tax applicable on unspent income of charitable trust

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P.R.Parikh

P.R.Parikh (Querist)
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17 October 2023 We have a charitable trust having 80G. The compulsion is to spend 85% of income for the purposes of the trust. However we have spent only 75% of the income towards the purposes of trust. On balance 10% what is the tax applicable ?
Can we form a charitable trust without registering with charity commissioner (We do not want 80G facility) ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 October 2023 For the balance 25% unspent slab rate of tax applicable. Upto 2.50 lacs no tax payable.
Only if you spent 85% income balance 15% is exempt.

It is compulsory for every public trust to register with the charity Commissioner so as to ensure proper administration and Management.

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Tax applicable on unspent income of charitable trust

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