Contribution definition excludes loan repayments under income tax provisions, affecting fund contribution tax treatment for donors. The definition of Contribution for income tax purposes excludes amounts that are repayments of a loan, so such repayments are not treated as contributions ... Summary
Contribution definition excludes loan repayments under income tax provisions, affecting fund contribution tax treatment for donors.
The definition of Contribution for income tax purposes excludes amounts that are repayments of a loan, so such repayments are not treated as contributions to any fund eligible for tax-beneficial treatment.
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