Trust or Society

Section 11 not to apply in certain cases. (1) Nothing contained in section 11 [or section 12] shall operate so as to exclude from the total income of the previous year of the person in receipt thereof— (a) any part of the income from the property held under a trust for private religious purposes which does not enure for the benefit of the public; (b) in the case of a trust for charitable purposes or a charitable institution created or established after the commence­ment of this Act, any income thereof if the trust or institution is created or established for the benefit of any particular reli­gious community or caste;