Charity calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2016
Sir,
When you calculate the 85% of income for charity payments, does 85% include the administration
expenses of the trust like rent, salary, and other running costs. Can anybody replay me please.
When you calculate the 85% of income for charity payments, does 85% include the administration
expenses of the trust like rent, salary, and other running costs. Can anybody replay me please.
25 February 2016
All revenue exp included in 85% capital exp also included but if you are taking capital exp as applied you cannot take depreciation on those capital exp for applied portion.
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