TMI BlogUnder which circumstances an exemption of Sections 11 and 12 will be withdrawn?X X X X Extracts X X X X X X X X Extracts X X X X ..... n 12A are complied with. An organisation, under the following circumstances, may lose its exemptions under Section 11 and Section 12 : a. If any part of the income from the property held under a trust for private religious purposes does not ensure for the benefit of the public. b. If a charitable trust or institution is created for the benefit of any particular religious community or cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the anonymous donations taxable as per the provisions of Section 115 BBC . f. If the trust violates the proviso to Section 2(15) . In other words, if a trust is engaged in business activity and the aggregate receipts from such activity during the previous year exceed 20% of the total receipts. The exemption shall not be available for the amount accumulated under section 11(2) if th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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