Exemption u/s 11 - merely because the payments are made outside ...

Income Tax

December 1, 2015

Exemption u/s 11 - merely because the payments are made outside India, it cannot be said that the charitable activities were also conducted outside the country - the word ‘applied’ does not mean ‘spent’ and even if the income has been earmarked and allocated for the purpose of carrying out the objects of the institution, it might be deemed to be applied for that purpose - AT

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Exemption u/s 11 - merely because the payments are made outside ...

Income Tax

December 1, 2015

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