a trust fails to apply 85 % of receipt towards charitable purposes and opted u/s 11 (2) to carry forward to be expendded in next year, if even in next year not expended, then taxability??
CA. Umesh kumar (ca.umesh11@gmail.com) (1465 Points)
27 June 2016a trust fails to apply 85 % of receipt towards charitable purposes and opted u/s 11 (2) to carry forward to be expendded in next year, if even in next year not expended, then taxability??
Shishir Nayak
((Expert))
(369 Points)
Replied 27 June 2016
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
