TRUST IS RECEIVED ONLY FD INTEREST INCOME OF RS. 20 LAKH. WHETHER IT IS COMPULSORY TO SPEND 85% OF FD INTEREST TO CLAIM 15% EXEMPTION TO TRUST.
OR FD INTEREST NOT INCLUDE IN INCOME OF TRUST..
Pawan Singhal (chartered accountant) (655 Points)
08 September 2019TRUST IS RECEIVED ONLY FD INTEREST INCOME OF RS. 20 LAKH. WHETHER IT IS COMPULSORY TO SPEND 85% OF FD INTEREST TO CLAIM 15% EXEMPTION TO TRUST.
OR FD INTEREST NOT INCLUDE IN INCOME OF TRUST..
Kapadia Pravin
(17259 Points)
Replied 08 September 2019
Pranav Aggarwal
(469 Points)
Replied 08 September 2019
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)