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Taxation of trust

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


Subi venkat

Subi venkat

CA Inter

2K+

23-Nov-20 23:19

12

Answers (1)

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


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Nov-20 06:22