Trust Eligible for Income Tax Exemption u/s 11 if 85% of Income is Expended on Charitable Activities.

Exemption u/s 11 - expenditure to the extent of 85% - assessee is running the trust in accordance with the objects. The activities carried by the assessee in running the trust are charitable in nature, the expenditure incurred by the assessee is also a genuine expenditure. - AT .....

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