https://www.taxtmi.com/forum/issue?id=2958 Sale proceeds from capital assets held by a registered charitable trust may be applied either for capital expenditure or for revenue expenditure for the trust, and the crucial requirement is that the acquired asset or the expenditure must be meant for and applied to the trust's charitable purposes; the capital/revenue label of the receipt is not decisive for application of income. en-us Sat, 16 Apr 2011 20:14:17 +0530 Thu, 23 Jan 2025 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2958 Sale proceeds from capital assets held by a registered charitable trust may be applied either for capital expenditure or for revenue expenditure for the trust, and the crucial requirement is that the acquired asset or the expenditure must be meant for and applied to the trust's charitable purposes; the capital/revenue label of the receipt is not decisive for application of income. Discussion-Forum Income Tax Sat, 16 Apr 2011 20:14:17 +0530 https://www.taxtmi.com/forum/issue?id=2958