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Section 11(1) - Income from property held for Charitable or religious purpose

Income Tax - Charitable, Religious, Educational Trust or Institutions or Organizations and Political Parties - 03 - SEC - 11(1): INCOME FROM PROPERTY HELD FOR CHARITABLE OR RELIGIOUS PURPOSES Subject to the provisions of sections 60 to 63, the follow .....

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h income is applied to such purposes in India where any such income is accumulated or set apart for application to such purposes in India, to the extent to which the income so accumulated or set apart is not in excess of 15% of the income from such p .....

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or application to such purposes in India, to the extent to which the income so set apart is not in excess of 15 % of the income from such property (c) Income from property held under trust which is applied for charitable purpose outside India- where .....

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st for charitable or religious purposes, created before the 1st day of April, 1952, to the extent to which such income is applied to such purposes outside India In both the above cases, it is necessary that the board shall by special or general order .....

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e which may be set apart, any voluntary contribution u/s 12 shall be deemed to be the part of income. (2) If, in the previous year, the income applied to charitable or religious purposes in India falls short of 85% of the income derived during that y .....

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eturn that such income shall be applied to such purposes in the year of receipt or in the immediately succeeding year, then the amount for which such declaration is given shall be deemed to be applied to such purposes during the previous year in whic .....

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s year in which such income is received. ii.for any other reason and assessee submits a declaration to the assessing officer on or before the due date of filing of return that such income shall be applied to such purposes in the immediately following .....

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