Meaning of tax terms

Meaning of “Corpus”

Posted on by Prashant Thakur

Case Name : Dit vs. Sri ramakrishna seva ashrama 

Citation : [2012] 18 taxmann.Com 37/205 taxman 26 (kar.)

Court : Karnataka high court

Section : 11

Meaning : One should understand the word ‘corpus’ in the context of a capital, opposed to an expenditure. It is a capital of an assessee; a capital of an estate; capital of a trust; a capital of an institution.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

Leave a Reply