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Applications of Funds of a trust

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(Querist)
07 November 2009 My query is 'If a trust provides money for construction of a building of another trust then will this be treated as application of fund?'
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
07 November 2009 If it is a donation and the recipient is a registered charitable trust, payment can be claimed as application of income.
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Guest (Expert)
07 November 2009 Can be if the objective of the TRUST is of Construction of Building for poor or other TRUST
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