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of <h1>Tax rules on income of charitable or religious trusts under Section 11-13: application, accumulation, investment, misuse consequences</h1> Income from property held under trust for charitable or religious purposes is excluded from a recipient's total income to the extent it is applied to such purposes in India, subject to conditions and limits (including permitted accumulation/set-apart not exceeding specified percentages and approved corpus contributions). Detailed rules govern deemed application (including capital-gain reinvestment), optional deeming of delayed application, permitted investment/deposit modes for accumulated funds (specific government securities, banks, certain bonds, immovable property, etc.), and consequences if funds are misapplied or withdrawn. Special rules treat business income, registration status and transfers between registered entities, and permit assessing-officer scrutiny of undertaking income.
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