Corpus donations require donor-specific directions and dedicated permitted investments for exclusion from regular income of registered non-profit organisations. Corpus donations received by a registered non-profit organisation qualify only where the donor specifically directs that the donation forms part of the ... Summary
Corpus donations require donor-specific directions and dedicated permitted investments for exclusion from regular income of registered non-profit organisations.
Corpus donations received by a registered non-profit organisation qualify only where the donor specifically directs that the donation forms part of the corpus, the amount is invested or deposited through a permitted mode, and the investment or deposit is maintained specifically for that corpus. Qualifying corpus donations are excluded from regular income computation. The framework also addresses impermissible corpus investments and conditions relating to deemed corpus.
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