https://www.taxtmi.com/manuals?id=1223 Income of trusts for charitable or religious purposes is exempt to the extent applied after a standard deduction; corpus donations deposited in prescribed modes are exempt. A mandated portion of gross income must be applied in India, with permitted declarations to treat outstanding receipts as deemed applied; failure to apply those amounts when required results in taxation under special provisions. Payments to other registered trusts are treated as application except when constituted as corpus. Applications from corpus or loans are not treated as application until repaid or redeposited under specified conditions and within the prescribed period. en-us Mon, 28 Sep 2015 10:34:00 +0530 Mon, 22 Apr 2024 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1223 Income of trusts for charitable or religious purposes is exempt to the extent applied after a standard deduction; corpus donations deposited in prescribed modes are exempt. A mandated portion of gross income must be applied in India, with permitted declarations to treat outstanding receipts as deemed applied; failure to apply those amounts when required results in taxation under special provisions. Payments to other registered trusts are treated as application except when constituted as corpus. Applications from corpus or loans are not treated as application until repaid or redeposited under specified conditions and within the prescribed period. Manuals Income Tax Mon, 28 Sep 2015 10:34:00 +0530 https://www.taxtmi.com/manuals?id=1223