Corpus donation

Income-tax Act, 2025

✍️ A plain-language summary of this section is being prepared. Below is the official text.

📜 Official text

339. Corpus donation means any donation made with a specific direction by the donor that it shall form part of the corpus of the registered non-profit organ- isation provided that such donation is invested or deposited in any of the modes permitted under section 350 maintained specifically for such corpus. Deemed corpus donation.

Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.

Related sections

§ 302Legal representative § 303Representative assessee § 304Liability of representative assessee § 305Right of representative assessee to recover tax paid § 306Who may be regarded as agent § 307Charge of tax where share of beneficiaries unknown

← All sections of IT Act 2025