donation by society to other society

[satbir singhwahi]

Society registered ''A'' registered u/s 12A , donates to other society '''B''' also registered u/s 12A. Whether donation by '' A '' will be treated as application of funds, and receipt of '' B '' will donation receipts to be spent 85%.

AI Summary

Donation Between 12A Registered Societies Raises Questions on Fund Application and Spending Requirements A query was raised regarding the tax implications of a donation made by Society 'A,' registered under section 12A, to another society, 'B,' also registered under section 12A. The question focused on whether this donation would be considered an application of funds for 'A' and if 'B' must spend 85% of the received donation. The sole reply indicated that more information is needed to provide a definitive answer.