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<h1>Exemptions for Trust-Held Businesses: Non-Applicability of Provisions When Business Is Not Incidental to Welfare Activities.</h1> Provisions of this chapter do not apply to individuals who hold a business under trust, irrespective of whether the business forms part of the corpus or its income is used for permitted welfare activities. Additionally, these provisions are inapplicable if the business is not incidental to the permitted welfare activities and does not involve activities specified in section 96, or if the entity ceases to be a non-profit organization during the financial year.