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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 following income shall not be included in the total income of the previous year of the person in receipt of the income - (a) income derived from property held under trust wholly for charitable or religious purposes, shall be exempt- the extent to which suc .....

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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 trust is created on or after 1.4.1952 for a charitable purpose which tends to promote international welfare in which India is interested, to the extent to which such income is applied to such purposes outside India income from property held under tru .....

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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 year from property held under trust, by any amount - i.for the reason that the whole or any part of the income has not been received during that year, and assessee submits a declaration to the assessing officer on or before the due date of filing of r .....

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