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Religious trust

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(Querist)
25 June 2015 whether section 40A(2)/(3) section 43B have applicability upon allowance of expenditure to a charitable trust's 85% expenses
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Soumitra Basu

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Soumitra Basu (Expert)
30 June 2015 BOTH THESE EXPENSES ARE IN RELATION TO BUSINESS AND NATURALLY SHALL NOT HAVE ANY EFFECT ON CHARITABLE TRUST WHO DOES NOT DO ANY BUSINESS.

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