Section 115BBC: 30% Tax on Donations to Charitable Trusts; Religious & Charitable Trusts Exempted Under Sub-section 2(b.

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....Levy of tax on donations - Provisions of Section 115BBC were enacted to tax such donations in hands of certain charitable trust and institutions at the rate of 30%. However, sub-section 2 (b) of the Act excludes the trust established woolly for religious and charitable purpose from rigors of that Section. - AT....