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TRUST INCOME REG
WE ARE RUN A CHARITABLE TRUST.IN THIS MONTH WE HAVE PAID PROPERTY TAX FOR OUR RENTED BUILDINGS ABOUT Rs 50000/BUT INCOME FOR THE MONTH OF APRIL 23 IS ONLY Rs 45000/.THIS PAYMENT IS TREATED AS PAID FROM CORPUS OR NOT.BECAUSE APRIL INCOME IS BELOW THE AMOUNT.KINDLY CLARIFY.
Replies (1)
NO. The payment will get adjusted from annual income of FY 2023-24.
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