Treatment of voluntary contributions as corpus may be optional, subject to conditions; violation treated as deemed income.

Amendments permit trusts to treat voluntary contributions for renovation of notified religious places as part of the corpus if applied only for the stated purpose, not used for donations, kept separately identifiable, and invested as prescribed; breach of these conditions causes the amount to be deemed income in the year of breach. Sub-section (3) is rephrased to identify four specific triggers when accumulated income is deemed income, and an Explanation rules that application occurs in the year of actual payment, with a proviso preventing duplicate claims.

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