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Inter-charity donation to others from CSR funds

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(Querist)
16 May 2024 Dear Learned Experts
Warm Greetings

Can an NGO, that holds 12a and 80g registrations, donate funds from its CSR allocation to another NGO with similar objectives?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 May 2024 you can do it. However, aft ther amendments done in Finance Act 2023, only the 85% of the such amount donated is considered as application of income.

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