Start learning →

CA Final Taxation of Charitable and Religious Trusts — practice questions — page 2

Explore 44 free Taxation of Charitable and Religious Trusts questions in CA Final Taxation. Open each question or exercise to read its content, reference answers and available explanation.

Practise Taxation of Charitable and Religious Trusts with Quill →

Taxation of Charitable and Religious Trusts questions and exercises with answers

Showing questions 31–44 of 44.

Application outside India is allowed under section 11(1)(c)(i) for a charity promoting what?Read the answer and worked solution →Income accumulated under section 11(2) may be held for at most how long?Read the answer and worked solution →What must a trust state in its accumulation statement under section 11(2)?Read the answer and worked solution →Accumulated money under section 11(2) must be kept in which manner?Read the answer and worked solution →Which is a permitted investment mode for a trust under section 11(5)?Read the answer and worked solution →Under section 11(5), a bank deposit qualifies when made with which kind of bank?Read the answer and worked solution →When is a trust's capital gain deemed applied under section 11(1A)?Read the answer and worked solution →Accumulated income is taxed under section 11(3) if the trust does what?Read the answer and worked solution →Section 11(1) relief is subject to which sections of the Act?Read the answer and worked solution →For a section 80GGC claim, the party must register under which Act?Read the answer and worked solution →Which provision requires political parties to disclose donations and expenditure publicly?Read the answer and worked solution →Under Islamic law, an asset donated as waqf cannot be what?Read the answer and worked solution →What does the term waqf literally mean?Read the answer and worked solution →Shareholding of Indian REITs is skewed towards which investors?Read the answer and worked solution →

Worked practice questions

Application outside India is allowed under section 11(1)(c)(i) for a charity promoting what?

  1. Export promotion
  2. Foreign tourism
  3. Overseas real estate
  4. International welfare
Show answer and solution

Correct answer: D. International welfare

Section 11(1)(c)(i) covers post-1952 trusts promoting international welfare in which India is interested.

Open this question →

Income accumulated under section 11(2) may be held for at most how long?

  1. Five years
  2. Three years
  3. Seven years
  4. Ten years
Show answer and solution

Correct answer: A. Five years

The statement under section 11(2)(a) must state a period which can never exceed five years.

Open this question →

What must a trust state in its accumulation statement under section 11(2)?

  1. Names of all donors
  2. Purpose and period
  3. Value of the corpus
  4. Salaries of trustees
Show answer and solution

Correct answer: B. Purpose and period

The statement given to the Assessing Officer must describe why and for how long the income is being set apart.

Open this question →

How to practise

  1. Choose a Taxation of Charitable and Religious Trusts question and try to work out your answer.
  2. Open the question to check the correct answer and read its worked solution.
  3. Continue in the app for bite-sized lessons, explanations and review with Quill. You can start without creating an account.

More Taxation topics

Double TaxationTransfer PricingDeduction, Collection and Recovery of TaxIncome Tax DepartmentPermanent Account NumberBasic ConceptsAnti-avoidance ProvisionsAppeals, Revision and Dispute Resolution