Master in Accounts & high court Advocate
9615 Points
Posted on 08 October 2024
here's a general pointer: - Column 21: 'Application of Income' in ITR 7: Fill in the amount of ₹3,82,500 (85% of the donation allowed as application). - Column 22: 'Amount not applied' in ITR 7: Fill in the balance amount of ₹67,500. Please verify this with a tax professional to ensure accuracy. Additionally, you may want to explore if there are any specific provisions or exemptions applicable to your trust's situation. Remember to file your return before the deadline to avoid any late filing penalties.