WE ARE CHARITABLE TRUST AND PAID DONATION TO OTHER CHARITABLE TRUST REGISTERED U/ S 12AB OF INCOME TAX ACT IN THE F.Y.31-03-2026 85% OF THE DONATION ALLOWED AS APPLICATION IN OUR INCOME TAX RETURN (ITR7 FORM)FOR AN EXAMPLE DONATION PAID IS Rs 150000/ BUT RETURN TAKEN AS APPLICATION IS RS.122500/ ONLY.HOW TO SHOW THE BALANCE AMOUNT OF RS.22500/ IN MY RETURN AND FORM 10BB.SHOW AS TAXABLE INCOME OR IN PERMITTED ACCUMULATION AMOUNT IN OUR INCOME TAX RETURN.
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DONATION PAYMENT REG
Replies (1)
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Eligible Application: Rs. 1,27,500 (85% of Rs. 1,50,000) is recognized as a valid application of income.
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Balance Amount: Rs. 22,500 (the remaining 15%) is treated as an ineligible application for inter-trust donations, meaning it does not count toward your charitable application requirement and remains part of the unapplied surplus/taxable computation stream.
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