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Exemption in the hands of Charitable Trusts. - Income Tax - 1132/CBDTExtract INSTRUCTION NO. 1132/CBDT Dated : January 5,1978 Section(s) Referred: 11 Statute: Income - Tax Act, 1961 A question has been raised regarding the availability of exemption in the hands of Charitable Trusts of amounts paid as donations to the other Charitable Trusts. 2. The issue has been considered by the Board and it has been decided that as the law stands at present the payment of a sum by one Charitable Trust to another for utilisation by the donee trust towards its charitable objects is proper application of income for charitable purposes on the hands of the donor trust, and the donor trust will not lose exemption under section 11 of the donations during the year of receipt itself.
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