alleryStart learning →Section 13(7) links the denial of relief to which type of receipt taxed under section 115BBC?
AAnonymous donation
BCorpus donation
CForeign grant
DGovernment grant
Answer & Solution
Correct answer: A. Anonymous donation
Anonymous donations taxable under section 115BBC are not excluded from total income by sections 11 and 12.
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)?