Charitable Trusts Can Offset Excess Expenditure in Future Years u/s 11 for Better Financial Management.

Charitable Trusts Can Offset Excess Expenditure in Future Years u/s 11 for Better Financial Management. https://www.taxtmi.com/highlights?id=51837 Exemption u/s 11 - in case of Charitable Trust excess expenditure over income is to be allowed to be carried forward for setting off against income of subsequent years. Thus the deficit of this year is allowable to assessee for set off in subsequent years. en-us Mon, 17 Feb 2020 09:07:03 +0530 Mon, 17 Feb 2020 09:07:03 +0530 TaxTMI RSS Generator Charitable Trusts Can Offset Excess Expenditure in Future Years u/s 11 for Better Financial Management. https://www.taxtmi.com/highlights?id=51837 Exemption u/s 11 - in case of Charitable Trust excess expenditure over income is to be allowed to be carried forward for setting off against income of subsequent years. Thus the deficit of this year is allowable to assessee for set off in subsequent years. Highlights Income Tax Mon, 17 Feb 2020 09:07:03 +0530 https://www.taxtmi.com/highlights?id=51837