Trust Donations: Only 85% of Donations Considered as Income Application, Affecting Sections 10(23C) and 11, Effective April 2024.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Treatment of donation to other trusts - Exemption u/s 10(23C) and u/s 11 - Donation by trust & Other institutions to another trust & Other institutions shall be treated as application only to the extent of 85% of such donation amount credited or paid instead of 100% as allowed earlier. [W.e.f. 1st April, 2024]....