Dear sir i have a deduction in section 11(1A) for expenses of charitable trust but IT department has disallowed this dection
Then i am wrong this action..
Trust income is only bank FD interest and SB interest income
Plz help....
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charitable trust
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Share more details about the disallowance. Please elaborate.
In charitable trust
Income from other sources as under
SB interest 53172 income
Fd interest 17340 income
Total 70512
Expenses of charitable trust as under
Related to trust 44425
Net profit is 25987
In as per income tax department 143
Net profit is 70512
And department is ask to pay tax 20125..as per 143 notice
It is correct???
Expenses not to deduct in interest income
Pls help......
Income from other sources as under
SB interest 53172 income
Fd interest 17340 income
Total 70512
Expenses of charitable trust as under
Related to trust 44425
Net profit is 25987
In as per income tax department 143
Net profit is 70512
And department is ask to pay tax 20125..as per 143 notice
It is correct???
Expenses not to deduct in interest income
Pls help......
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