Posted by: Pdfprep
Post Date: February 11, 2021
Shri Ganjarwala Charitable Trust (Regd.) submits the particulars of its income/outgoing for the previous year 2009-2010 as below:
The trust spends Rs. 2,77,500 during the previous year 2009-2010 for charitable purposes. In respect of Rs. 5,20,000, it has exercised its option to spend it within the permissible time-limit in the year of receipt or in the year, immediately following the year of receipt.
The trust spends Rs. 2,00,000 during the previous year 2009-2010 and Rs. 1,00,000 during the previous year 2010-2011.
Compute the tax payable on the income of the trust.
A . Rs.2,080
B . Rs.2,160
C . Rs.2,060
D . Rs.2,200
Answer: C
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