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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - Once, these donations are not corpus ...

Income Tax

July 13, 2018

Exemption u/s 11 - Once, these donations are not corpus donations, then, automatically all receipts including corpus donations shall be treated as receipts of the trust and income wherefrom shall be computed in normal commercial practices by deducting all expenses.

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