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Do You Know released on 85% of total Income needs to be applied for Charitable or Religious purposes during the year

Jan 04, 2022 Circulars & Notifications Attachment

85% of total Income needs to be applied for Charitable or Religious purposes during the year

Any Organization or Association registered u/s 12A needs to apply its 85 % of total income for Charitable & Religious Purposes in a financial year. Also, the Income not applied for such purposes can be accumulated or set aside indefinitely up to the extent of 15% of total income

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