Application for 80-g purpose
This query is : Resolved
V. Muralidhar Rao
(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
My Question is : amount of income of the previous year applied to charitable or religious purposes in india during that year: - Pls. clarify it
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).
Out of Income of Particular Financial Year (say 2011-12), how much incomes applied for said purpose during that FY (2011-12).
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
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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