Corpus Donation

[DK AGGARWAL]

Respected Sir

A Religious Trust registered under 12AA wish to give Corpus donation to other religious trust registered u/s 12AA and my query is as under

1–Is there any way so that main trust A can give Corpus donation to other B trust out of the following funds

FDRS funds

Interest from FDRs

Rental income

Old corpus funds carried forward

If the answer is YES, kindly confirm under which section

AND, If answer is No, please inform if normal donation is given bt trust A to other trust B and money is not spent fully by donee Trsut B, then whether unused/unutilized money after 15% deduction, shall be taxed at slab rate or at maximum rate.

Please respond asap

Regards

D K Aggarwal

[DR.MARIAPPAN GOVINDARAJAN]

It has been answered in 116592.

AI Summary

Corpus donation: permissibility of inter trust transfers and tax treatment of unutilised donations after deduction.
Whether a religious trust registered under section 12AA may transfer corpus or income-derived funds (FDR principal, FDR interest, rental income, or carried-forward corpus) to another 12AA-registered religious trust, and how unspent donations held by the donee trust are taxed after allowable deductions.