https://www.taxtmi.com/manuals?id=1229 Section 340 permits a registered non-profit organisation holding a specified religious place to treat donations for its renovation or repair as deemed corpus. The amount must remain separately identifiable, be used only for the stated purpose, and be invested or deposited in permitted modes. It cannot be applied to make a donation to any person. Breach of any condition causes the relevant deemed corpus donation to constitute specified income. en-us Mon, 28 Sep 2015 10:41:00 +0530 Fri, 25 Sep 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1229 Section 340 permits a registered non-profit organisation holding a specified religious place to treat donations for its renovation or repair as deemed corpus. The amount must remain separately identifiable, be used only for the stated purpose, and be invested or deposited in permitted modes. It cannot be applied to make a donation to any person. Breach of any condition causes the relevant deemed corpus donation to constitute specified income. Manuals Income Tax Mon, 28 Sep 2015 10:41:00 +0530 https://www.taxtmi.com/manuals?id=1229