https://www.taxtmi.com/article/detailed?id=9114 The Finance Act, 2020 redefines registration/approval routes for charitable institutions (10(23C) versus 12AB/12A), confirms corpus donations as exempt capital receipts under section 11(1)(d) when donor directed, limits application of section 56(2)(x) by provisos for registered/approved entities, preserves the incidental business and predominant object tests (with 20% receipt threshold for other public utility activities), restates accumulation/application rules (including 15% deemed application and five year accumulation), and imposes tax on accreted income on specified change of status events. en-us Fri, 24 Apr 2020 10:24:18 +0530 Wed, 11 Feb 2026 15:58:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9114 The Finance Act, 2020 redefines registration/approval routes for charitable institutions (10(23C) versus 12AB/12A), confirms corpus donations as exempt capital receipts under section 11(1)(d) when donor directed, limits application of section 56(2)(x) by provisos for registered/approved entities, preserves the incidental business and predominant object tests (with 20% receipt threshold for other public utility activities), restates accumulation/application rules (including 15% deemed application and five year accumulation), and imposes tax on accreted income on specified change of status events. Articles Income Tax Fri, 24 Apr 2020 10:24:18 +0530 https://www.taxtmi.com/article/detailed?id=9114