Corpus donations require donor direction and dedicated permitted investment, excluding qualifying receipts from regular income computation. Section 339 treats a receipt as a corpus donation for a registered non-profit organisation only where the donor specifically directs that it form part of ... Summary
Corpus donations require donor direction and dedicated permitted investment, excluding qualifying receipts from regular income computation.
Section 339 treats a receipt as a corpus donation for a registered non-profit organisation only where the donor specifically directs that it form part of the corpus, the amount is invested or deposited through a permitted mode, and that investment or deposit is maintained specifically for the corpus. Section 338(b) excludes qualifying corpus donations from regular income computation. The corpus framework also addresses impermissible investment or deposit from corpus or deemed corpus and conditions relating to deemed corpus.
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