TaxTMI 
TaxTMI 
Voluntary Contributions for the renovation and repair of temples, mosques, gurudwaras, churches etc notified under clause (b) of sub-section (2) of section 80G
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.... of section 80G i) Donations for the renovation and repair of temples, mosques, gurudwaras, churches etc notified under clause (b) of sub-section (2) of section 80G of the Act are received for specific purposes. However, it is not clear if such donations are treated as corpus donations or are required to be applied or can be accumulated for a maximum period of 5 years. ii) In order to provide....
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....n to any person; and (c) maintains such corpus as separately identifiable; (d) invests or deposits such corpus in the forms and modes specified under subsection (5) of section 11. iii) It is also proposed to insert Explanation 3B in sub-section (1) of section 11 of the Act to provide that for the purposes of Explanation 3A, where any trust or institution has treated any sum received by it as....
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.... by such trust or institution, at its option, as forming part of corpus of the trust or institution, subject to the condition that the trust or institution, (a) applies such corpus only for the specific purpose for which the voluntary donation was made; (b) does not apply such corpus for making contribution or donation to any person; (c) maintains such corpus as separately identifiable; and ....