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Tax rate applicable to a Trust which is registered under section 12A

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(Querist)
02 November 2023 Dear Sir,
Charitable Trust having donation income (15,00,000) & also having Fixed Deposit interest(RS55,000) income. but I want to know whether FD interest is taxable and if it is taxable what is the tax rate applicable under new section 115 bbi & under existing one also.

Thanks in Advance,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 November 2023 Such interest income will also be considered like donation income and not taxable in case it's applied for charitable purposes
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Jayasurya B

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Jayasurya B (Querist)
27 December 2023 Thank you CA R Seetharaman sir



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 December 2023 You are welcome..
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