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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - whether Voluntary Contributions made to the ...

Income Tax

February 2, 2018

Exemption u/s 11 - whether Voluntary Contributions made to the corpus of the Trust constitutes “taxable income” of the Trust? - Corpus-specific-voluntary contributions are outside the taxations in case of an unregistered Trust u/s. 12/12A/12AAA of the Act too. - AT

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