Exemption u/s 11 - Charitable activity u/s 2(15) - entities ...

Income Tax

August 17, 2023

Exemption u/s 11 - Charitable activity u/s 2(15) - entities engaged in providing other than essential services - business of providing built-up space or making available vacant land, on leasehold basis - the letting is being undertaken in an organized manner - The lease rentals are deployed to finance both creation of more built-up space, as well as through charge of depreciation, sustain that existing. - The same qualifies as an eligible business u/s. 11(4A), and it’s income assessable as business income. - AT

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Exemption u/s 11 - Charitable activity u/s 2(15) - entities ...

Income Tax

August 17, 2023

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