I'm aware that corpus donations/ corpus fund can be used only for specific purposes. Is repayment of loan one of those purposes? Can corpus fund be appllied to repayment of loan?
Menu
Can corpus donation of a trust be used for loan repayment?
Replies (1)
It will be advisable to go through the terms for which such corpus fund was alloted what was his intention during making such arrangement it can be used only when grave necessity arises when the organizations exixtence is in treat
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
