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Exemption from tax Income of a charitable trust is exempt according to the provisions of sections 11,12,12A,12AA and 13. The trust should be one which is established in accordance with law and its objects should fall within the definition of the term "charitable purpose".
It is defined to include relief to the poor, education, medical relief and the advancement of any other object of general public utility . Promotion of sports and games is considered to be a charitable purpose .Therefore, any association or institution engaged in the promotion of sports and games can claim exemption under section 11 even if it is not approved under section 10 (23) - Circular No. 395, dated September 24, 1984. |
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