Menu
Regarding bank balance for a trust
one of the trust related to a temple is having bank balance in its SB A/c of upto Rs.48lakhs... Now the trust can leave the balance as it is in it's account or it need to keep any amount of money in the form of FD? please reply...
Replies (2)
if this amount is not in used and can be used to lock for some period like one or more year you may make FD for better return than saving account. no other restriction for keeping the level of amount in bank account.
The amount is in corpus fund in bank... So whether there is any necessary to reduce the amount and keep in the form of FD?
Recent Threads
- Luxury premium car - Lease or Loan
- Income tax act 40 A (3)
- Transmission of deceased's shares in physical form
- Shall I pay GST payment for unkonwnly cancelled in
- Error in GSTR1 filing for October 25
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
Related Threads
CAclubindia
