Exemption available u/s 11(1)(a) - the word applied need not ...

Income Earmarked for Charity Qualifies as Applied Under Income Tax Act Section 11(1)(a) Without Needing to Be Spent.

March 24, 2018

Case Laws Income Tax AT

Exemption available u/s 11(1)(a) - the word applied need not necessarily imply spent. Even if the income is irretrievably earmarked and allocated for the charitable or religious purposes or purposes it may be under section 11 (1)(a) of the Act. - AT

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Exemption available u/s 11(1)(a) - the word applied need not ...

Income Earmarked for Charity Qualifies as Applied Under Income Tax Act Section 11(1)(a) Without Needing to Be Spent.

March 24, 2018

Case Laws Income Tax AT

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