Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Under which circumstances an exemption of Sections 11 and 12 will be withdrawn?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

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

→ Full Text of the Document

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

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates