CBDT Circular on repayment of debt incurred to students for higher studies by educational trust

0
999

Repayment of debt incurred for purposes of trust /loans advanced by educational trusts to students for higher studies – Whether amounts to application of income

Circular : No. 100 [F. No. 195/1/72-IT(A-I)], dated 24-1-1973.

1. Section 11 requires 100 per cent of the income of a charitable and religious trust to be applied for religious and charitable purposes to be entitled to the exemption under the said section. Two questions have been considered regarding the application of income :

This content is for annual and Semi Annual members only.

Log In Register