Discuss the tax exemption in case of NGOs U/S 11 and 12 of Income Tax Act.
A Trust is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another. Charitable Trusts and Section 8 Company are eligible for tax exemption under Sections 11, 12, 12A, 12AA and 13 of the Income Tax Act. Charitable purpose includes relief of the poor, education, medical relief, preservation of environment and preservation of monuments or places or objects of artistic or historic interest, and the advancement of any other object of general public utility. In this article, we review the tax exemption for Charitable Trust in India.
Charitable Trust
A Charitable Trust is a Trust wherein the purpose of the Trust is directed to the benefit of the community or a section of the community, as distinguished from an individual or a group of individuals. Where the primary purpose of the
______ ___ _______ __________ __________ _________ ____.
________ __________ _________ _________ ____ __________ ___.
_______ _____ _________ _________ __________ _______ ___ _____ ____.
____ ______ _______ _______ ________ ________ _________.
_______ __________ _________ ___ ____ _______ _______ ________ ___.
__________ _________ _________ ___ ________ ________ _________ __________.
____ ___ _______ _______ _________ _________ __________ ________ _______ _____.
_________ _____ ___ ___ __________ ____ _____ __________ ____ ____ ___ _________.
___ ______ ___ __________ __________ _________ ________ _____ _________ ____ _______.
_______ ______ __________ ______ _______ _________ ____ __________.
______ __________ _____ _______ ________ ______ ______ _________.
__________ _________ _______ _______ _____ _________ _______ ___ ______ ____ ________.
__________ ________ ________ __________ ____ _____ ________ ______ ____ _________ ____.
______ ____ ____ ________ _________ ____ _____.
_______ ________ _____ _________ ________ _____ _________ ____ ________ _________ ___.
_______ _____ _________ _____ ________.
___ _______ __________ _____ ____ _________ ____ _______.
____ ____ ______ ____ ___ ______ __________ ____ _____ _________.
__________ ________ ___ ______ __________ _________ ____ _________ ______ _______ ______.
________ _________ ________ _______ _______.
_________ _____ ____ ____ _________ _____ ___ ______ _________.
_______ ______ _______ ___ _________ ______ _________ __________ ___ _____ ____.
________ ______ ____ _____ __________ ______ ___ ____ ________ ______ _______ _______.
_______ _____ _________ _____ ________ _____ __________ _________.
___ ________ _________ ___ _____ ___ __________.
_________ _____ ____ ________ _________ ____ _____ ___ _______ _______ __________ _____.
_________ _____ ____ _________ _____ _____ ____ _____ ____ ___ ______.
_____ _____ ______ _______ _______ __________ _______ ___ ________.
_______ _________ _______ _____ ______ ________ _________ ______ _______ ________.
__________ ________ ________ ________ ________.
________ _________ __________ __________ __________ ________ ________ __________ _______.
_________ ______ __________ ___ __________ ________ _____ __________ ________ _________.
___ _____ _________ ___ ______.
____ _________ _______ ______ _____ ______ ____ _________ _______ ______ ______.
_________ _________ ___ __________ _____ __________ _____.
_____ ___ __________ ______ ______ ________.
_________ _____ ________ _______ _____.
______ ____ __________ _________ __________ ________.
__________ _____ ________ __________ _____ ______ _______ _________ ___ ________ ________ ________.
______ ____ _______ _____ ___.
____ __________ ______ __________ ______.
__________ ______ _________ ____ __________ _____ __________.
_______ __________ ________ ________ __________ _______ ____ ________ _________.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required