https://www.taxtmi.com/forum/issue?id=116794 Denial of exemption u/s 11 leads to taxation of the trust's full income without recognition of amounts applied to charitable purposes when the exemption is not in effect by the statutory cutoff due to non compliance with required form filing. In that situation the trust must file an interim return and pay tax on its income until registration or approval is granted, making timely form compliance essential to preserve the exemption and the treatment of applied income. en-us Thu, 15 Oct 2020 18:54:59 +0530 Thu, 23 Jan 2025 15:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116794 Denial of exemption u/s 11 leads to taxation of the trust's full income without recognition of amounts applied to charitable purposes when the exemption is not in effect by the statutory cutoff due to non compliance with required form filing. In that situation the trust must file an interim return and pay tax on its income until registration or approval is granted, making timely form compliance essential to preserve the exemption and the treatment of applied income. Discussion-Forum Income Tax Thu, 15 Oct 2020 18:54:59 +0530 https://www.taxtmi.com/forum/issue?id=116794