Inter-trust donation treatment: eligible donations count only partially as application of income, affecting exemption computation and investment obligations. Finance Act, 2023 provides that eligible donations by an exempt trust or institution to another qualifying entity shall be treated as application for charitable or religious purposes only to the extent of eighty-five percent of the donation; the donor need not invest the unrecognized fifteen percent under specified accumulation modes where the full amount has been transferred to the donee, as illustrated by a chained-donation example that explains computation of required application, recognized application against donations, permissible accumulation, and investment obligations.