TMI BlogSection 11 Income Tax Act: Trusts Can Fulfill Charitable Goals Through Indirect Contributions, No Direct Spending Mandate Required.Exemption u/s 11 - Application of income for charitable purposes - Where in the law has it been provided that a trust has to incur expenditure on its own and cannot give donation in kind to institutions who in turn have given to the needy which otherwise are for charitable purposes? ..... X X X X Extracts X X X X X X X X Extracts X X X X
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