Uma
asked almost 3 years ago
0
0
Answer Now
Comment
Report
3 Answers
veeru
answered over 2 years ago
Such donations are fully exempt from tax under Section 11(1 )(d) of the Act.
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
veeru
answered almost 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 almost 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
