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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.