Wealth-Tax Act, 1957
Section - 21A - Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes
16[Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes.21A.17[Notwithstanding anything contained in clause (i) of section 5, where any property is held] under trust for any public purpose of a charitable or religious nature in India and-
| 18[(i) | - | any part of such property or any income of such trust [whether derived from such property or from voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2 of the Income-tax Act] is used or applied, directly or indirectly, for the benefit of 19[any person referred to in sub-section (3) of section 13 of the Income-tax Act], or |
| (ii) | - | any part of the income of the trust [whether derived from such property or from voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2 of the Income-tax Act], being a trust created on or after the 1st day of April, 1962, enures, directly or indirectly, for the benefit of 19[any person referred to in sub-section (3) of section 13 of the said Act, or] |
| 20[(iii) | - | < .... To read the full section download the app from Google Play store
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