The Income-tax Act, 1961 ("the Act") provides for various benefits to a trust formed for charitable or relegious purpose. Section 11 of the Act exempts the income derived from property held under trust for charitable purposes from taxation, inter alia, to the extwnt to which such income is applied for such purpose in India.
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RegisterTax Amicus December 2019
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India
December 23 2019
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Martha van den Beld
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TOTAL Nederland NV
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