Is donation by a society registered under 12A to another Society registered under 12A, considered as application of income under the Income Tax Act (Such donation is permissible under the byelaws of the Society)
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Donation by 12A regd Society to another 12A regd society
Replies (2)
Yes allowed u/s 11(1)
Not considered as application income. Read explanation 2 to 11(1), explanation to 11(2) and 11(3)(d).
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