TRUST QUERY INCOME APPLIED
This query is : Open
27 August 2025
Public Charitable TRUST registered u/s12AA is allowed to accumulate surplus amount not exceeding 15%. If this amount by mistake is not claimed in the return even tough amount of income applied, surplus amount set aside u/s 11(2) etc. is claimed. Then A.O. is supposed to allowe this 15% amount atomatically while completing the assessment & determining the assessable income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
OR add as source on Google news
- GST audit turnover threshold
- Balance sheet for ITR-3
- Rebate Under 87A Issue
- Gratuity not yet paid shown in form 16
- FORM 115BAC
- TDS deducted US 194JB can file ITR US 44ada
- How to show LTCG with Indexation Mutual Funds in ITR-3?
- Freelance Business code
- HRA in ITR 2 FY 2024-25
- 54F disallowance taxed at what rate
- Stamp duty on acquisition
- ITDS on lease rent
- TRUST QUERY INCOME APPLIED
- Section 44AA and Section 44ADA
- Wrong fixed deposit in Income tax TIS report
- US CPA course
- Credit from Office of Regional Provident Fund Commissioner
- Interest for not showing invoice in GSTR-1
- Register of contract u/s 189
- Export invoice not reported
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
OR add as source on Google news
CAclubindia
