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Sec 11 of Income Tax Act


Dear sir,
one of our client is registered U/s 12A and Sec 80G. In the F/y 2019-20 they have paid Rs 7 Lacs to a society engaged in educational activities but is not registered u/s 12A nor 80G. Will the amount qualify for application of income or not. As per my understanding As per Sec 11(2) Explanation if the amount is paid out of accumulated funds it will not amount to application of income but if it is paid from current receipts it will qualify for application of income.



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