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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

There are no words of limitation in section 11 of the Income-tax ...


Section 11 of Income-tax Act: Income Need Not Be Used for Charitable Purposes in the Year It Arises.

October 16, 2012

Case Laws     Income Tax     AT

There are no words of limitation in section 11 of the Income-tax Act requiring that the income should have been applied for charitable or religious purposes only in the year in which the income has arisen - AT

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