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Taxation of trust

Direct Taxation

Please explain why depreciation and capital expenditure is not taken for application of income of trust to claim exemption u/s 11

Subi V

CA Final

★ 2K+

23-Nov-20 23:19

301

Answers (1)

It is taken for application of income based on supreme court judgement.

CA Suraj Lakhotia

Admin

24-Nov-20 06:22

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