Section 11: What is the Meaning of Institution?


Section 11 , 12 and 13 of I.T Act   mention the word “institution” apart from word trust , as an entity which can also claim exemption u/s 11 or 12 . The question is whether the  meaning of term “Institution” is same as that of trust , or for the purpose of exemption u/s 11 & 12 ,…

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