Treatment of fixed deposit
Querist : Anonymous
plz solve it urgently..
as per sec. 11(2) if a trust fails to invest 85% of income accrued during the year, then it has to set apart that un-utilised amount and invest in any mode specified in 11(5)i.e. F.D. in one of that mode/..
but trust has to make an application to the A.O. before the filing of return specifing the reason for setting apart that un-utilised amount..
Querist : Anonymous
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