“Application” for Charitable Trust.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Application” for Charitable Trust.<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 13-3-2024 Income Tax<br>Income Tax<br>With effect from A.Y 2024 -25 only 85% of donation given by....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... a 12AA approved charitable organization to similar organization will be considered as "application" of income. I have a 12AA approved Trust who undertake civil repairs at another approved trust and ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....sometimes even provide food and educational materials to their inmates. Will these kind of outflow be treated as donation and only 85% of such expenditure will be considered as application of money o....
X X X X Extracts X X X X
X X X X Extracts X X X X
....r we can take 100% as application.<br> Discussion Forum - Knowledge Sharing ....
TaxTMI