What is the provision for the accumulation of income?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... umulate 15 per cent of its income indefinitely. The amount so accumulated by the trust shall be utilised for the charitable and religious purposes for which it has been created. Until its utilisation, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X