Dear Sir/Madam,
Can a trust donate money(online transfer) to Individuals monthly(not as salary) for religious purpose?
If not please explain the conditions.
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Trust donation
Replies (1)
Summary: A trust can provide financial aid to individuals for religious purposes if it aligns with the objectives in its Trust Deed, the trust is a public entity, and the payments do not benefit trustees or their relatives (as restricted under Section 13). Thorough documentation, including proof of the recipient's need or eligibility based on the trust’s mission, is essential for tax compliance and auditing purposes.
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