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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs on charitable or religious trusts |
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What is the meaning of charitable purpose? |
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Ans. Section 2(15) of the Income-tax Act provides an inclusive definition of 'charitable purpose'. It includes the following: a. Relief of the Poor; b. Education; c. Yoga; d. Medical Relief; e. Preservation of the environment (including watersheds, forests, and wildlife); f. Preservation of monuments or places or objects of artistic or historic interest; and g. Advancement of any other object of general public utility. |
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