Swastik is a charitable trust registered under section 12AB, with its main object falling under the residuary clause “any other object of general…

Swastik is a charitable trust registered under section 12AB, with its main object falling under the residuary clause “any other object of general public utility". During the P.Y.2023-24, it received 90 lakh as voluntary contributions. The trust also borrowed 45 lakh on 14.8.2023 from Axis bank to purchase land for construction of an office building from where it can carry out its functions. The trust repaid principal of 10 lakh to Axis bank on 31.3.2024. The trust has donated (not as corpus donation) to another trust registered under section 12AB with main object of providing education to poor, 14 lakhs out of its current year income. What would be the application of the trust for the P.Y.2023-24 (excluding unconditional accumulation of 15%), assuming that it has fulfilled the relevant conditions stipulated under section 12A?