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of <h1>Charitable Trusts Lose Tax Exemption if Funds Invested Incorrectly Post-April 1, 1981, Per Section 13(1)(d) IT Act.</h1> Section 13(1)(d) of the Income-tax Act, 1961, specifies that a charitable or religious trust will lose its exemption under section 11 if its funds are invested in non-specified modes for any period during a previous year starting on or after April 1, 1981. For assessment year 1982-83, if the previous year begins before April 1, 1981, the exemption remains intact, and the recognition certificate under section 80G can be renewed. However, if the previous year starts on or after April 1, 1981, and the trust fails to comply with section 13(1)(d), the certificate cannot be renewed. This applies to all subsequent years.
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