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.
Register now for your free, tailored, daily legal newsfeed service.
Questions? Please contact [email protected]
RegisterTax Amicus December 2019
Lakshmikumaran & Sridharan
MEMBER FIRM OF
To view this article you need a PDF viewer such as Adobe Reader.
If you can't read this PDF, you can view its text here.
India
December 23 2019
Popular articles from this firm
If you would like to learn how Lexology can drive your content marketing strategy forward, please email [email protected].
Related research hubs
Philip I. Weis
Director and Senior Counsel
Boehringer Ingelheim
What our clients say
“The new ACC Newsstand is one of the best e-resources that I have encountered in 21 years of practicing Employment Law. The information is timely, helpful and easy to navigate. Thank you for offering it and please continue it indefinitely!!”