Inter-charity donation to others from CSR funds
This query is : Resolved
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?
Warm Greetings
Can an NGO, that holds 12a and 80g registrations, donate funds from its CSR allocation to another NGO with similar objectives?
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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