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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

There can be mixed objects of religious and charitable nature - ...

Income Tax

November 10, 2015

There can be mixed objects of religious and charitable nature - if the trusts are partly religious and partly charitable, so long as no part of the income or corpus can be utilised for a purpose which is not either charitable or religious, exemption under s. 11(1)(a) will be applicable to the assessee - AT

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