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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

It has to be held that the trust had incurred expenditure on ...

Income Tax

November 1, 2015

It has to be held that the trust had incurred expenditure on religious and charitable purposes from the income of the subsequent year, even though the actual expenditure was in the earlier years, if in the books of account of the trust such earlier expenditure had been set off against the income of the subsequent year. - AT

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