Form 9A & Form 10 for Asst Yr 2016-17 Can be Filed Now ! Read How .

Basically almost all the donation or contribution received by a recognized trust or institution is considered its income unless either it accumulates the income for future or applies the said income/contributions received during the year  for the charitable purpose.Now , a trust or institution can accumulate 15% of the income indefinitely. The balance , 85 % of income has to be applied for the charitable purpose .