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Donation received from foreign country by trust

This query is : Resolved 

09 June 2015 One of Trust has received donation from Foreign Country under FCRA guidelines. What will be implications under Income Tax Act. Whether whole amount will became taxable or it will be subject to the conditions that 85% amount will be utilised

09 June 2015 It will be subject to the condition that 85% amount will be utilized.



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