Tag Archives: Secton 11(5)

When Investment in FDR is treated as Application of Income u/s 11(5)

By | February 10, 2016

Where the surplus money has been so invested in the FDRs, the said investment is to be treated as application of income of the previous year in which such investment is made, in the hands of the assessee.? Held There has to be nexus between investment in FDRs and achievement of the charitable objects of… Read More »