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Trust fd intrest income

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TRUST IS RECEIVED ONLY FD INTEREST INCOME OF RS. 20 LAKH. WHETHER IT IS COMPULSORY TO SPEND 85% OF FD INTEREST TO CLAIM 15% EXEMPTION TO TRUST.

OR FD INTEREST NOT INCLUDE IN INCOME OF TRUST..

Replies (3)
Trust has to spend 85% income on the objects of the trust.
If Trust does not spend then Trust is allowed to carry forward for next years provided Trust files a prescribed form online to ITax CPC for intimation of it's intention to carry forward such unspent amount.
what is the prescribed form if trust reg u/s 12AA wants to spend in next year
@ Pranav
Form No 10


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