Tax on trust income

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


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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