Corpus fund
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2011
Whether corpus fund received for redevelopment of property by an NRI as member of the society, is taxable or not.
25 October 2011
Corpus donation recived from Donor with specific direction..exempt in sec 11...If donation recievd by the NRI member in the name of Trust then it will not form part of income of trust...it will be exempt donation in tha hands of trust
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