Charity tax on donations towards Corpus
This query is : Resolved
Meera Joisher
(Querist)
12 January 2010
When I receive any regular donation, I need to deduct the application of these donations towards charitable purpose & on balance I need to pay Charity Tax. What is the provision in case of Donations received towards Corpus.
Do I need to pay charity tax on these donations as well?
Do I need to pay charity tax on these donations as well?
Meera Joisher
(Querist)
16 January 2010
Charity tax as it is commonly known, but actually called as Tax on Contributions is chargeable @2% on Gross Receipts, which however does not include Corpus Donations
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