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In which cases exemption won't be applicable?

By IndianMoney , 6 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

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