The amount which is paid to any other trust or organisation which is registered under Section 12AA will not be considered as an application of income for any religious or charitable purpose. Corpus donations are not considered as an application of income for the trusts and organisations registered under Section 12A.

Section 80G of the Income Tax Act, 1961, allows taxpayers to save tax by donating money to eligible charitable institutions. By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount donated.

Form 10AB is a mandatory form for charitable organizations and trusts that want to avail of tax benefits under Section 10(23C), 12A, or 80G. The form requires detailed information about the organization or trust, its activities, and its financials.

Corporate social responsibility is a business model by which companies make a concerted effort to operate in ways that enhance rather than degrade society and the environment. CSR can help improve various aspects of society as well as promote a positive brand image for companies.