Menu
Trust
Whether Donation to another trust (other than corpus of fund of that trust) registered under 12AA is treated as application of Income ?
Replies (4)
YES IT IS AS GOOD AS APPPLICATION OF FUNDS
And if trust donated to corpus of fund of another trust ?
in 2nd case it is not treated as application of income but in first case it will be treated
if donation given from corpus fund and debit directly in b.sheet . Any restriction as per it act for above transection.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
