Taxation of cheritable trust

This query is : Resolved 

25 August 2012 Dear Sir,
I want to know charitable trust taxation.
How to calculate income applied to trust and their exemption provisions.

26 August 2012 all expenses paid during the year for charitable purposes whether capital or otherwise will be application of income.15% f income can be carried forward if invested in nationalised banks etc.approval of ITO is required for carrying forward the excess

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