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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - trust which was not registered u/s.12A - ...


Unregistered Trusts u/s 12A: Corpus Donations Count as Income, No Section 11 Exemption Available.

July 28, 2021

Case Laws     Income Tax     AT

Exemption u/s 11 - trust which was not registered u/s.12A - Addition of corpus donation - voluntary contribution received by the trust with a specific direction that they form part of corpus of the trust is income of the trust within the meaning of section 11 & 12 of the Income Tax Act, 1961. - AT

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