Entitlement towards general accumulations to the extent of 15% ...

Trusts Can Accumulate 15% Income Without Conditions u/s 11(1)(a) of Income Tax Act.

January 28, 2019

Case Laws Income Tax AT

Entitlement towards general accumulations to the extent of 15% contemplated u/s 11(1)(a) - amount applied for the object of Trust already surpassed income derived from property held under trust - exemption u/s 11(1)(a) of the Act i.e. 15% of the income is unfettered and not subject to any conditions.

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Entitlement towards general accumulations to the extent of 15% ...

Trusts Can Accumulate 15% Income Without Conditions u/s 11(1)(a) of Income Tax Act.

January 28, 2019

Case Laws Income Tax AT

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