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Accounting treatment of income tax paid for trusts

Sachin Bhoyar (Tax Consultant)     13 June 2019

Sachin Bhoyar
Tax Consultant 
 2 points

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Dear experts, One of the Trust registered u/s 12A of the Income Tax Act and working in Nagpur Maharashtra. During the FY 2018-19, it has paid Income Tax on anonymous donations u/s 115BBC as per order u/s 143(3) for the AY 2016-17. Please guide me as I am confused about its treatment in Income and Expenditure account for the FY 2018-19.

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