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Application for 80-g purpose

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(Querist)
18 December 2012 Application of Income for Charitable Purposes :

My Question is : amount of income of the previous year applied to charitable or religious purposes in india during that year: - Pls. clarify it
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CA Hiren Thakkar

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CA Hiren Thakkar (Expert)
18 December 2012 Yes...

Out of Income of Particular Financial Year (say 2011-12), how much incomes applied for said purpose during that FY (2011-12).
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V. Muralidhar Rao

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V. Muralidhar Rao (Querist)
20 December 2012 for 80-G purpose:

Amount of Income accumulated or set apart/finally set apart for application to charitable or religious purposes, to the extent it dones not exceed 15 percent of the income derived from property held under trust wholly/in part only for such purposes..........pls explain above by giving complete explanation
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