Which schedule is to be filled for claiming exemption u/s 10(23)(C)(vi)?
Procedure to be followed for schedule is to be filled for claiming exemption u/s 10(23)(C)(vi)?
-
Income to be disclosed in Schedule AI and/or Schedule VC
For this Go to Transaction > Other Source Income
1.
Other Donation is known as
Schedule VC
2.
Schedule AI is shown Directly on same page.
-
Application of Income - Revenue expenditure to be disclosed in Schedule ER.
For this Go to
Transaction >
Trust Regd. u/s 12 >
1). U/s 11(1) Amount applied during the previous year-Revenue Account
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Application of Income- Capital expenditure to be disclosed in Schedule EC.
For this Go to
Transaction
>
Trust Regd. u/s 12
> 2
). U/s 11(1A) Amount applied during the previous year-Capital Account
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Note : If the total income of the trust or institution without giving effect to the provisions of section 10(23C)(iv / v / vi / via ) exceeds the maximum amount which is not chargeable to income-tax, audit report in Form 10BB to be filed one month prior to the due date specified u/s 139(1).
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If exemption claimed under section 11(2), amount of Accumulation to be filled in Schedule-I.For this Go to Transaction > General Information / BS / P&L > Page-2
Hope this helps.
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