Corpus Donation - Section 339 (New) / Section 11(1)(d) (Old)

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....ofit organisation regime. A donation qualifies as a corpus donation only when there is a specific direction by the donor that the donation shall form part of the corpus and the statutory investment condition is also satisfied as mentioned in section 350. Section 339 - Conditions for Corpus Donation A donation will qualify as a corpus donation where the following conditions are satisfied: ....

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....s specifically with violation of conditions relating to deemed corpus under section 340. Accordingly, the corpus regime has to be read as a connected framework comprising sections 338, 339, 340 and 350. Comparative Analysis: Section 339 of the Income-tax Act, 2025 vs. Section 11(1)(d) of the Income-tax Act, 1961 Particulars Section 11(1)(d) of Income-tax Act, 1961 Section 3....

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....r deposited in a mode permitted under section 350. Maintenance of investment The 1961 Act's corpus treatment operates with the investment restrictions contained in the Act. Section 339 expressly requires the permitted investment/deposit to be maintained specifically for such corpus. Treatment for exemption/computation Corpus contributions are dealt with under sect....