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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23) - assessee has multiple objectives, but, ...

Income Tax

April 29, 2019

Exemption u/s 10(23) - assessee has multiple objectives, but, carried on only educational activities - functions solely for education and not for profit - Every year, when the claim is made, AO is required to verify whether for that PY, the assessee existed solely for educational activities - eligible to claim exemption u/s 10(23)(iiiad)

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