In which cases exemption won't be applicable?

By IndianMoney , 9 months ago
1. Entire income from property held under trust for private religious purpose which does not benefit the public 2. Entire income of charitable Trust or institution established for the indirect benefit of any particular religious community or caste 3. Entire income, If income (wholly or partly) and property of the charitable or religious trust or institution is used for the benefit of specified person 4. Income of charitable / religious trust is not invested as specified 5. Running a hospital medical institution or educational institution to specified person 6. Any income being profits and gains of business unless business is incidental to the attainment of the objectives of the trust / institution and separate books of account are maintained in respect of such business
Trending Questions
Recent Questions
Related Questions
- What is PM-KISAN Summan Nidhi Scheme?
- What is the full form of PM-Kissan Yojana?
- What are the objectives of PM-Kissan Yojana?
- What are all the required documents to be submitted in case of PM-Kissan Yojana?
- The beneficiaries under the PM-KISAN programme should have cultivable land of upto how many hectares?
- The eligible farmers under PM-KISAN scheme will get direct income support of how much amount by the government annually?