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Budget 2017 video: Exemption to Institute, Trust, Charitable Trust

Feb 21, 2017 10:52 IST

The Finance Bill, 2017, which was tabled in the Lok Sabha on February 1 along with the Union Budget, has proposed to restrict contributions by an exempt trust from its income to another exempt entity or trust with a specific direction that it will become a part of the latter’s corpus. The changes in Exemption to Institute, Trust, Charitable Trust have been explained in a video by CA Girish Ahuja, Member of AP Shah Committee on Direct Taxes.

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