Trust related queries

16 May 2019
Trust are not able to meet their requirement of 85% utilization from the income of the trust property. Because the donation received at the end of financial year. Is it necessary to file form 9A or form 10 or both.

Thanks in advance

B.Chackrapani Warrier (Expert)
16 May 2019
* Form 9A if short fall in 85% is deemed to be applied in the previous year
immediately following the previous year in which the income was derived. See
section 11(1) clause 2 of explanation 1.

*Form 10 if the above said amount is set a part for more than one year but limited
to five years. See section 11(2)

nithi (Querist)
16 May 2019
Thank You Sir.
Total donation received - 5000000
Donation received at the end of the year(2019) - 1500000
It is sure to say, the trust utilized the amount of Rs. 1500000 in the next financial year for their assigned project. Whether it is enough to file form 9A. Please clarify my doubt.

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