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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Section 13 does not debar the main whole-time trustee/trustees ...


Section 13 allows trustees to use trust funds for basic needs if they don't receive monetary benefits.

September 8, 2016

Case Laws     Income Tax     HC

Section 13 does not debar the main whole-time trustee/trustees from meeting their basic needs from the funds of the institution/trust particularly when they are not deriving any monetary benefit from the institution/trust. - HC

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