Ray Charitable Trust (registered under section 12AA) has total income of ₹ 20 lakhs. It applied ₹ 10 lakhs towards its objects. How much is chargeable to tax in case the trust does not opt for accumulation of income unde
CS Executive · Tax Laws and Practice · PYQS · June 2017
Ray Charitable Trust (registered under section 12AA) has total income of ₹ 20 lakhs. It applied ₹ 10 lakhs towards its objects. How much is chargeable to tax in case the trust does not opt for accumulation of income under section 11(2) of the Act?
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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