Contribution thresholds for tax-exempt trusts updated, revising annual and aggregate limits and eligibility wording under Income-tax Act. Amendment revises clause (b) to prescribe an annual contribution threshold for the relevant previous year and an aggregate contribution threshold up to ... Summary
Contribution thresholds for tax-exempt trusts updated, revising annual and aggregate limits and eligibility wording under Income-tax Act.
Amendment revises clause (b) to prescribe an annual contribution threshold for the relevant previous year and an aggregate contribution threshold up to the end of the relevant previous year for trusts and institutions claiming tax exemption, and makes minor textual deletions in clauses (d) and (e).
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