Tax on trust income


(Querist)
12 July 2018
hi can any one explain how to calculate tax on Trust income - total earning Rs.25Lakh & still deficit Rs.5 Lakh

i dont understand 85% & 15% related options in income tax


CA R SEETHARAMAN (Expert)


Click to Talk 12 July 2018
If you apply(spend) 85% of receipts on charitable activities 100% of receipts exempt from income tax.


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