Charitable trust accrued interest exemption.

This discussion explores whether accrued interest earned by a charitable trust, but not yet received in its bank account, is taxable. The core question is whether this interest, which cannot yet be applied to the trust's objectives, is subject to tax in the year it accrues or only when it's actually received. The presence of accrued interest on the 26AS form is noted, raising concerns about its exemption status.