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    Question

    What minimum percentage of income from property held for

    charitable or religious 2 purposes must be applied (or set apart under conditions) to claim exemption under Section 11?
    A 85% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 100% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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