alleryStart learning →A charitable trust created after 1961 solely for one caste faces what under section 13(1)(b)?
ALoses section 11 relief
BGets full exemption
CHalf of it is taxed
DGains alone are taxed
Answer & Solution
Correct answer: A. Loses section 11 relief
Section 13(1)(b) removes section 11 relief where a post-1961 charity is created for a particular religious community or caste.
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