Income from property held under trust for charitable or religious purposes is _______?
FPSC Past Papers / All - Multiple-choice practice
خیراتی یا مذہبی مقاصد کے لئے اعتماد کے تحت رکھی گئی جائیداد سے حاصل ہونے والی آمدنی _______ ہے؟
- A. None of these
- B. Exempted from tax
- C. Taxable @ 10%
- D. Taxable @ 20%
Correct answer
Exempted from tax
Explanation
Explanation Income from property held under trust for charitable or religious purposes is generally tax-exempt under tax laws in many countries. This exemption encourages philanthropy and religious activities by reducing the financial burden on such organizations.
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