trust related

SELVA RANI (6 Points)

24 March 2018  
Trust has the object of charitable purpose to provide education to children also have the income of rs 1lac from voluntary contribution without specific direction for the fy 16_17. the trust purchased books for rs 85000 and stored it.but trust shall not distributed that books to students in that financial year, then shall we treat that income has been applied in that fy? Or if distribution of books only treated as applied?