Deemed corpus donation: renovation or repair gifts may be treated as corpus if segregated, restricted, invested, and not redistributed. Donations received by a registered non-profit organisation for renovation or repair of specified religious or notified places may be deemed part of the ... Summary
Deemed corpus donation: renovation or repair gifts may be treated as corpus if segregated, restricted, invested, and not redistributed.
Donations received by a registered non-profit organisation for renovation or repair of specified religious or notified places may be deemed part of the corpus at the organisation's option, provided the funds are maintained as a separate identifiable corpus, applied only for the stated renovation purpose, invested or deposited in permitted modes, and not used to make donations to any person.
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