https://www.taxtmi.com/acts?id=3164 Voluntary contributions to trusts or institutions wholly for charitable or religious purposes (unless directed to corpus) are deemed income derived from property held under trust for charitable or religious purposes and governed by the provisions applicable to such income. The value of medical or educational services provided by such trusts to specified beneficiaries is deemed taxable income for the year provided, and donations failing prescribed utilisation or reporting conditions are also deemed income and chargeable to tax. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 11:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3164 Voluntary contributions to trusts or institutions wholly for charitable or religious purposes (unless directed to corpus) are deemed income derived from property held under trust for charitable or religious purposes and governed by the provisions applicable to such income. The value of medical or educational services provided by such trusts to specified beneficiaries is deemed taxable income for the year provided, and donations failing prescribed utilisation or reporting conditions are also deemed income and chargeable to tax. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3164