TMI BlogCorpus donation to TrustX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected Madam/Sir Please guide if a Trust registered u/s 12A(a) can give corpus donation to other Trust out of the income received during the year.and the donee trust shall consider as Corpus a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd shall not be subject to Tax. Will it make any difference if both the trusts are religious trusts by nature. Can Trust having the Corpus funds. give the corpus donation to other trust as corpu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s donation out of the corpus funds. If so, kindly give reference in details. D K AGGARWAL - Reply By Surjeet Singh - The Reply = No corpus fund cannot be utilized for other than primary activity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of maintenance of Trust. Donation to religious/charitable trust registered u/s 12AA or sec 12(23C) will be treated as application of income under sec 11 if donation is made if made without v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iolation of sec 40A(3) . For any further tax related queries contact on 9905126744. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Cannot be done as advised by Shri Surjeet. - Corpus donat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion to Trust - Query Started By: - DK AGGARWAL Dated:- 31-7-2020 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Manage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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