Regarding charitable Institutions
This query is : Resolved
02 October 2019
1. Whether repayment of loan can be claimed from Revenue Income in the case of Charitable Organizations having 12A Registration.
2. Is it necessary to offer borrowed funds as income in computation of Total Income of a Charitable Trust.
2. Is it necessary to offer borrowed funds as income in computation of Total Income of a Charitable Trust.
02 October 2019
1 Yes it's application of income.
2 Not necessary.
2 Not necessary.
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