Public charitable trust acquiring real estate overseas

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rrtayal (Querist)
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25 August 2017 This religious public charitable trust registered under Bombay Public Trust Act 1950 has many associated temples and institutions across the world. However it has no financial interest in any of these associated temples or their property.
The Board is considering purchasing property in the UK directly to develop into a temple. This is something consistent with its Objects as a public charitable trust.
What are the income tax implications of this from Indian perspective?
It would be purchasing this property from existing accumulated funds in India.
The the Income Tax Act and Section 11 and 12 might be relevant here but this is something I was unable to comprehend.
Thanks for your help

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 August 2017 As your trust is created before March 1952 income tax allows you for such property purchase for religious purpose.

Section 11(1)(c): This section grants exemption to an institution existing for international welfare. The exemption is to the extent of: i. If the institution is created upto 31-3-1952 Income of the trust actually applied to charitable/religious purpose outside India.

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rrtayal

rrtayal (Querist)
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26 August 2017 Thank you sir.
Trust was actually registered in 1954. What is the treatment of the same query in this case?

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