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
(525 Points)
Replied 08 September 2019