Charity tax on donations towards Corpus
This query is : Resolved
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?
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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