Restrictions on Contributions to Unrecognized Funds and Institutions - (New) Section 29(3) / (Old) Section 40A(9)

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Full Text of the Document

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....ny money paid to set up, form, or contribute to any fund, trust, company, association of persons, body of individuals, society registered under the Societies Registration Act, 1860 or other institution for any purpose The only exceptions where a deduction is allowed are: • When the contribution is specifically permitted under sections 29(1)(a), (b), or (c) (such as r....