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Section 11 & 12 of Income Tax, Income Tax |
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Section 11 & 12 of Income Tax |
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We wish to know whether interest income received by trust registered pursuant to provision of Section 12AA of the Income Tax Act, 1961 is also available for exmeption u/s 10 and 11 of the Act if the same is used for charitabole and religious purposes. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Yes, interest income is exempt if applied for charitable purpose. Page: 1 Old Query - New Comments are closed. |
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