alleryStart learning →For sections 11, 12, 12A and 13, the word trust also includes what?
AOnly written wills
BAny legal obligation
COnly registered deeds
DOnly company bodies
Answer & Solution
Correct answer: B. Any legal obligation
Explanation 1 widens trust to cover any other legal obligation for these sections.
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)?