Itr-7 reporting in schedule j

Trust received some donations as corpus that are treated as capital receipt as these funds are to be utilized for some specific purpose so under corpus fund this amount to be mentioned.

As per income tax act 85% of the expenditure is essential for claiming tax relief. If somehow expenditure is less than this limit then excess amount is set aside so that this could be invested in eligible investment or can be used to meet out some expenses in next year so under non corpus fund this amount to be mentioned.

Thank You very much Sir. 

Regards

Nandini