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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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