Charitable Trust - Anonymous Donation

Direct Taxation

For calculation of 5% of Total donation, does that Total donation include Corpus as well ?? In VG sir Qn bank in 1 Qn it is included, but excluded in another Qn

Anant Sharma

CA Final

★ 0

19-Oct-22 22:01

576

Answers (4)

5% ?

Seemran Singh

CA Final

★ 4K+

19-Oct-22 22:07

Seemran Singh

5% ?

Yeah......For the purpose of Anonymous Donation taxability Higher of 5% of "Total Donation" or Rs. 100000 In that I want to know if Corpus is included in Total Donation or not

Thread Starter

Anant Sharma

CA Final

★ 0

19-Oct-22 22:10

Can you elaborate what do you mean by Corpus amount

Sudha Reddy

CA Final

★ 20K+

21-Oct-22 12:11

Sudha Reddy

Can you elaborate what do you mean by Corpus amount

I meant Corpus donations received by the trust But don't worry...the query is resolved now Corpus donations will also be a part of total donation

Thread Starter

Anant Sharma

CA Final

★ 0

21-Oct-22 12:14