TaxTMI 
TaxTMI 
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%.
donation by society to other society
02 Jul 2021 
1 Reply 
980 Views Asked by
Application of funds: whether a registered society's donation to another registered society counts as application and triggers spending obligation.
Whether a donation by a society registered under section 12A to another similarly registered society constitutes an application of funds for the donor and whether the recipient's receipt is treated as a donation subject to a prescribed spending obligation are the operative legal questions; the reply sought further factual details and offered no conclusion. (AI Summary)
Whether a donation by a society registered under section 12A to another similarly registered society constitutes an application of funds for the donor and whether the recipient's receipt is treated as a donation subject to a prescribed spending obligation are the operative legal questions; the reply sought further factual details and offered no conclusion. (AI Summary)
