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Charitable trust
a charitable trust can do business. if it carry on business what are the consequences with regard to section 11 & 80G of income tax act
Replies (2)
if business is incidental to objects of trusts and separate books are maintained exemption is available. or else no exemption for business income
as long as you invest your business income towards the objective laid out in trust deed, you can get exemption. (I am a founder of One NGO)
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