Income of educational institutions and hospitals cannot claim exemption u/s 11,Income Tax Act 1961.

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..... /CBDT Dated : November 15, 1976 Section(s) Referred: 11 Statute: Income - Tax Act, 1961 Reference is invited to Board's Instructions No. 594* (F. No. 197/1/72-IT(AI), dated the 23rd Aug .....

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..... claim exemption u/s 11 of the Income-tax Act, 1961 as well. The Board is of the view that as specific provision has been made with regard to the grant of exemption to the income of educational instit .....

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