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Amendment of section 11.

Clause 8 - Bills - DIRECT TAXES - Income-tax - Bill - Clause 8 - 8. In section 11 of the Income-tax Act, in sub-section (1), the Explanation below clause (d) shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the follo .....

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stered under section 12AA, being contribution with a specific direction that they shall form part of the corpus of the trust or institution, shall not be treated as application of income for charitable or religious purposes. . Clause 8 of the Bill se .....

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