alleryStart learning →Investment outside section 11(5) modes after 1983 has what effect under 13(1)(d)?
AIncome loses exemption
BA written warning
CTrust is dissolved
DCorpus is forfeited
Answer & Solution
Correct answer: A. Income loses exemption
Section 13(1)(d) excludes income from relief when funds are invested outside the modes listed in section 11(5).
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