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.
Menu
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.
Recent Topics :
- 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
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
