Educational and medical facilities to specified persons - Section 12(2) and 13(6)

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Full Text of the Document

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....haritable or religious trust will not be exempt if any part of such income or any property of the trust is used or applied directly or indirectly for the benefit of any person specified in section 13(3). Section 13(6) provides that a charitable or religious trust running an educational institution or a medical institution or a hospital shall not be denied the benefit of exemption under section 11 ....