For section 13(1)(b), how is a trust for women and children treated?
AA caste-based trust
BNot a community trust
CA private religious trust
DA trust run for profit
Answer & Solution
Correct answer: B. Not a community trust
Explanation 2 says trusts for Scheduled Castes, backward classes, Scheduled Tribes, women and children are not treated as community trusts.
Keep practising Taxation of Charitable and Religious Trusts
Browse all Taxation of Charitable and Religious Trusts questions for CA Final, or explore more Taxation topics.
Related questions
Shareholding of Indian REITs is skewed towards which investors?What does the term waqf literally mean?Under Islamic law, an asset donated as waqf cannot be what?Which provision requires political parties to disclose donations and expenditure publicly?For a section 80GGC claim, the party must register under which Act?Section 11(1) relief is subject to which sections of the Act?Accumulated income is taxed under section 11(3) if the trust does what?When is a trust's capital gain deemed applied under section 11(1A)?