https://www.taxtmi.com/acts?id=46089 The amendment substitutes sub clause (ii) of clause (b) in section 13 to treat as disqualifying any instance where trust income or property is used or applied, directly or indirectly, for the benefit of the author, founder, substantial contributor, or their relatives, including members or relatives of a Hindu Undivided Family; a proviso limits the section's operation where the benefit to a relative in the previous year does not exceed a specified proportion of the trust's income, by confining the section's effect to the part of income represented by that benefit and its value. en-us Thu, 12 Dec 2024 14:58:08 +0530 Thu, 12 Dec 2024 16:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46089 The amendment substitutes sub clause (ii) of clause (b) in section 13 to treat as disqualifying any instance where trust income or property is used or applied, directly or indirectly, for the benefit of the author, founder, substantial contributor, or their relatives, including members or relatives of a Hindu Undivided Family; a proviso limits the section's operation where the benefit to a relative in the previous year does not exceed a specified proportion of the trust's income, by confining the section's effect to the part of income represented by that benefit and its value. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 14:58:08 +0530 https://www.taxtmi.com/acts?id=46089