https://www.taxtmi.com/news?id=13035 Where a trust or institution is registered for the special exemption regime for income from property held under trust, it cannot claim alternate exemptions under the general exemption provisions; entities approved under the approval-based exemption are similarly barred from other general exemptions. Additionally, income applied to acquire a capital asset that has been treated as application for charitable purposes shall not be reduced by any deduction or allowance, including depreciation, thereby preventing double benefit from application and subsequent notional deductions. en-us Sun, 13 Jul 2014 16:23:18 +0530 Sun, 13 Jul 2014 16:23:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13035 Where a trust or institution is registered for the special exemption regime for income from property held under trust, it cannot claim alternate exemptions under the general exemption provisions; entities approved under the approval-based exemption are similarly barred from other general exemptions. Additionally, income applied to acquire a capital asset that has been treated as application for charitable purposes shall not be reduced by any deduction or allowance, including depreciation, thereby preventing double benefit from application and subsequent notional deductions. News - Sun, 13 Jul 2014 16:23:18 +0530 https://www.taxtmi.com/news?id=13035