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Under which circumstances an exemption of Sections 11 and 12 will be withdrawn?
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.... with. An organisation, under the following circumstances, may lose its exemptions under Section 11 and Section 12: a. If any part of the income from the property held under a trust for private religious purposes does not ensure for the benefit of the public. b. If a charitable trust or institution is created for the benefit of any particular religious community or caste, no part of the income....
TaxTMI
TaxTMI