Voluntary Contributions for the renovation and repair of temples, mosques, gurudwaras, churches etc notified under clause (b) of sub-section (2) of section 80G
1 February, 2022
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Voluntary renovation contributions may be treated as corpus if kept separate, used only for the specified purpose and properly invested. Trusts or institutions may, at their option, treat voluntary contributions for renovation or repair of notified religious places as part of the corpus, ... Summary
Voluntary renovation contributions may be treated as corpus if kept separate, used only for the specified purpose and properly invested.
Trusts or institutions may, at their option, treat voluntary contributions for renovation or repair of notified religious places as part of the corpus, subject to conditions: application only for the specified purpose, no onward donations, separate identification, and investment in forms and modes specified under subsection (5) of section 11; violation of any condition renders the sum deemed income of the year in which the breach occurs. Parallel explanatory provisions are proposed for clause (23C) of section 10. Amendments are proposed retrospective to 1 April 2021.
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