| Question And Answer | |
|---|---|
| Subject: | 12A Registered Trust receive Donation from another 12A Registered Trust |
| Category: | Income-Tax |
| Querist: | SIDDHARTH |
| Answered by: | Law Intern |
| Tags: | charitable trust, corpus, Donation to another charitable Trust |
| Date: | July 12, 2025 |
12A Registered Trust receive Donation from another 12A Registered Trust Whether donation received to Calculate for 85% for Application of Income or can be excluded for calculation.
As per Circular No. 3/2024 on March 6, 2024 issued by the Central Board of Direct Taxes (CBDT) donations (other than corpus donations) received from another 12A registered trust must be included in the recipient trust’s income for the 85% application calculation. The circular also states that for the donor trust, only 85% of such donations are treated as application of income starting from April 1, 2024.
See also: Whether one Charitable Trust give Donation to another charitable Trust?
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