Uma
asked over 3 years ago
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veeru
answered about 3 years ago
Such donations are fully exempt from tax under Section 11(1 )(d) of the Act.
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veeru
answered over 3 years ago
Income in the form of voluntary contributions made with a specific direction from the donor that they shall form part of the corpus of the trust or institution, are generally referred to as “corpus donations”.
lochan
answered over 3 years ago
Income in the form of voluntary contributions made with a specific direction from the donor that they shall form part of the corpus of the trust or institution, are generally referred to as “corpus donations”. Such donations are fully exempt from tax under Section 11(1 )(d) of the Act. Thanks
