Exemption u/s 11 - in case of Charitable Trust excess ...

Case Laws Income Tax

February 17, 2020

Exemption u/s 11 - in case of Charitable Trust excess expenditure over income is to be allowed to be carried forward for setting off against income of subsequent years. Thus the deficit of this year is allowable to assessee for set off in subsequent years.

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Exemption u/s 11 - in case of Charitable Trust excess ...

Case Laws Income Tax

February 17, 2020

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