Seva Niketan, a charitable trust registered under section 12AB runs an education institution and a hospital for treatment of persons suffering from…

Seva Niketan, a charitable trust registered under section 12AB runs an education institution and a hospital for treatment of persons suffering from mental disorder solely for philanthropic purposes. The trust has furnished the following information: (i) The total receipts of the trust for the F.Y. 2024-25 for educational institution is 3.50 crores and for the hospital is 3.90 crores. (ii) Voluntary contributions [included in (i) above] received during the F.Y. 2024-25 from the public amounted to 115 lakhs. Voluntary contributions of 115 lakhs includes corpus donations of 65 lakhs (for purchase of building for the trust) and anonymous donations of 20 lakhs with specific direction that such donations is for the purpose of educational institution run by the trust. (iii) During the F.Y. 2024-25, computers for use in the educational institution of trust were purchased for 85 lakhs out of – Corpus fund mentioned in (ii) above -35 lakhs.Loan -25 lakhsVoluntary contributions -25 lakhs (iv) Corpus donation received during the FY 2024-25 are invested in the same FY in- Post Office Saving Accounts-15 lakhsCanara Bank as Fixed deposits -5 lakhsDeposit with a Private Limited Company-10 lakhs (v) Amount paid to another trust registered u/s 12AB by way of donation of 12 lakhs. Out of said amount 3 lakhs are given as corpus donations. (vi) 6 lakhs, being the amount set apart in the F.Y. 2023-24 by the trust for charitable purpose u/s 11(2) utilized in the F.Y. 2024-25 for making donation to another charitable trust, whose object is also education.