Easy Office
LCI Learning

Corpus Donation

This query is : Resolved 

17 January 2022 whether a Trust Can get Corpus Doantion from the Donor with the condition that the corpus donation amount is kept in a seperate account and the same may be used to lend loan to the Self help groups with nominal interest?

Now amended provsion say corpurs donation needs to be invested as specified in 11(5)?

17 January 2022 Yes, such corpus donation can be accepted. Only the unutilised corpus donation to be invested as specified in a separate account.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries