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Does interest on fixed deposits taxable for trust entity ?

ITR 714 views 1 replies

My client is a Charitable Trust registred u/s 12AA. 

I am filling ITR-7 for it. There is only two incomes- 1) Voluntory Donations and 2) Interest on Fixed Deposits. 

I have filled details of Voluntory Donations in schedule-VC of ITR-7 and details of Interest on FD in schedule- OS. 

And details of expenses incured in the schedule-ER. Is it right or i should entered this details in any other schedule ?

Does Interest on Fixed Deposits is exempt for trust ? And where it should be shown in ITR-7 ?

Replies (1)
Hi Nickoonj Vanani same problem with me...if you had got solution for it.kindly give a reply for me..its urgent.. contact me: amol @ orangebusiness*xcellence.com 7674841910 Thanks in Advance


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