18 July 2012
Sir Pls clarify inrespect of a Charitable trust who got regn u/s 12A,they are running a college, the receipt of Caution deposit and other similar receipts wil constitute part of Income of the assesee for filing IT return.My doubt is whether all receipts to be shown as income or revenue receipts alone constitute income.
23 July 2012
Sir Can you explain whether the income as per receipts and payments or Income and expenditure to be considered for calculating the 85 % applied for charitable purpose. Kindly give some illustrations RGDS
23 July 2012
for Considering Gross Receipts Receipt & Payment A/c will be Considered but will exclude Receipt forming part of Corpus or Receipt which are for any reason not to be included in the Gross Receipts
CAclubindia
