TMI Blog“Application” for Charitable Trust.X X X X Extracts X X X X X X X X Extracts X X X X ..... With effect from A.Y 2024 -25 only 85% of donation given by a 12AA approved charitable organization to similar organization will be considered as application of income. I have a 12AA approved Trust wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o undertake civil repairs at another approved trust and sometimes even provide food and educational materials to their inmates. Will these kind of outflow be treated as donation and only 85% of such e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xpenditure will be considered as application of money or we can take 100% as application. - “Application” for Charitable Trust. - Query Started By: - Ethirajan Parthasarathy Dated:- 13-3-2024 Income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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