Compute taxable income of a charitable trust for the A.Y 2023-24 under the following cases: Particulars Income other than voluntary contribution Voluntary contribution Voluntary contribution in the corpus of the trust Income applied for the purpose for which trust is created Case 1 4,00,000 1,00,000 2,00,000 4,50,000 Case 2 5,00,000 80,000 1,50,000 4,93,000 Case 3 15,00,000 2,00,000 5,00,000 2,00,000
Compute taxable income of a charitable trust for the A.Y 2023-24 under the following cases: Particulars Income other than voluntary contribution Voluntary contribution Voluntary contribution in the corpus of the trust Income applied for the purpose for which trust is created Case 1 4,00,000 1,00,000 2,00,000 4,50,000 Case 2 5,00,000 80,000 1,50,000 4,93,000 Case 3 15,00,000 2,00,000 5,00,000 2,00,000
Chapter26: Tax Practice And Ethics
Section: Chapter Questions
Problem 26P
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Question
![Compute taxable income of a charitable trust for the A.Y 2023-24 under the following
cases:
Particulars
Income other than voluntary contribution
Voluntary contribution
Voluntary contribution in the corpus of the
trust
Income applied for the purpose for which
trust is created
Case 1
4,00,000
1,00,000
2,00,000
4,50,000
Case 2
5,00,000
80,000
1,50,000
4,93,000
Case 3
15,00,000
2,00,000
5,00,000
2,00,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12bca791-a4ed-41cc-9e4e-4b392a9ec4d6%2F5fd63f97-4f1a-4841-9d9a-794c736377cf%2F3whz11_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Compute taxable income of a charitable trust for the A.Y 2023-24 under the following
cases:
Particulars
Income other than voluntary contribution
Voluntary contribution
Voluntary contribution in the corpus of the
trust
Income applied for the purpose for which
trust is created
Case 1
4,00,000
1,00,000
2,00,000
4,50,000
Case 2
5,00,000
80,000
1,50,000
4,93,000
Case 3
15,00,000
2,00,000
5,00,000
2,00,000
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