Easy Office
LCI Learning

Charitable Trust interest income exemption.

This query is : Resolved 

26 September 2023 If a trust earned accrued interest on deposits but not received in the bank account. Is that interest taxable for the trust? Since that interest not actually received in the bank trust cannot apply it towards objects of the trust.
Interest income is shown on 26AS.

26 September 2023 Such accrued interest is not taxable.
Only on receipt taxability arise.

26 September 2023 Ok thank you very much sir




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query