§ 340
Chapter XVII — Special Provisions Relating To Certain Persons
Deemed corpus donation
Income-tax Act, 2025
Donations received by a registered non‑profit for renovating a temple, mosque, gurudwara, church or any other notified place can be treated as part of its corpus, provided the organisation meets four conditions:
- Keeps the corpus in a separate, identifiable account.
- Uses the corpus only for the specific renovation purpose for which it was given.
- Invests or deposits the corpus in ways allowed under section 350.
- Does not re‑donate the corpus to any other person.
📜 Official text of the section +
340. Where the property of a registered non-profit organisation includes any
temple, mosque, gurudwara, church or other place notified under section
133(1)(b)(vi), any sum or sums received by such registered non-profit organisation
as donation for the purpose of renovation or repair of such temple, mosque, gurud-
wara, church or other place, may, at its option, be deemed as forming part of the
corpus under section 339, if it—
( a) maintains such corpus as separately identifiable;
( b) applies such corpus only for the purpose for which the donation was
made;
( c) invests or deposits such corpus in any of the modes permitted under
section 350; and
( d) does not apply such corpus for making donation to any person.
Application of income.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.