{Ca+Cma+Cs Friends} RE: Donation by Charitable trust out of India

Monday, November 2, 2009 9:07 PM By Livemail

 

Dear Friends,
 
Further to below mentioned quarry, as per proviso to section 11(1)(c) of IT act, 1961, "provided that the Board by general or special order, has directed in either case that it shall not be included in the total income of the person in receipt of such income"
 
Members are requested to kindly share the special or general order issued by CBDT in respect of proviso to section 11(1)(c) of the IT Act, 1961 or the list of countries to whom donation can be made by a charitable or religious trust and same shall be treated as application of the income of the trust for the objects of the that trust.
 

With best regards,

CA  brajesh agarwal

09818623388 (m)

 


From: Brajesh Agarwal
Sent: Wednesday, September 16, 2009 2:05 PM

Dear Friends,

 

Under section 11 of the Income tax act, if a charitable trust make a donation to another charitable in India trust then the amount of donation is treated as application of funds.

 

However if a charitable trust in India donates to another charitable trust outside India, then whether such donation shall also be treated as application of funds or not.

 

Members are requested to share their views on the above together with decided case law, notification of circular which support their views.

 

With best regards,

CA  brajesh agarwal

09818623388 (m)

 

 

 

__._,_.___
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
               Please ask your friends to send a blank e-mail to:
                     CaCmaCsFriends-subscribe@yahoogroups.com
                              to join the group.
................................................................................
       <Ca+Cma+Cs Friends> needs active, energetic persons as co-moderators
................................................................................
- For more information: http://groups.yahoo.com/group/CaCmaCsFriends
- To Post message     :  CaCmaCsFriends@yahoogroups.com
- For Digest option   :  CaCmaCsFriends-digest@yahoogroups.com
- To switch to Normal :  CaCmaCsFriends-normal@yahoogroups.com
- For No Mail         :  CaCmaCsFriends-nomail@yahoogroups.com
- For Basic Help      :  CaCmaCsFriends-help@yahoogroups.com
- To Subscribe        :  CaCmaCsFriends-subscribe@yahoogroups.com
- To Unsubscribe      :  CaCmaCsFriends-unsubscribe@yahoogroups.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
     Knowledge is free and for sharing. Share and increase your knowledge.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
.

__,_._,___

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)