Corpus-directed contributions to registered trusts are excluded from treatment as application of income for charitable purposes. The amendment provides that any amount credited or paid out of income to another registered trust or institution, when contributed with a specific ... Summary
Corpus-directed contributions to registered trusts are excluded from treatment as application of income for charitable purposes.
The amendment provides that any amount credited or paid out of income to another registered trust or institution, when contributed with a specific direction that it shall form part of the recipient's corpus, shall not be treated as application of income for charitable or religious purposes.
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