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.
Gokul Sharma
(Expert)
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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