Subscription to chit amount - violation u/s 13(1)(d) read with section u/s 11(5)

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..... One of our client Trust Subscribed Registered chit. The A.O. viewed as violation u/s 13(1)(d) read with section u/s 11(5) of the IT Act,1961 .and diallowing exemption claimed under section 11 .....

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..... . whether subscription of chit amount to violation and any case law refernce. and advice - Reply By Surender Gupta - The Reply = As per section 13(1)(d) read with section 1(5) of the Income Tax Act, .....

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..... only the eligible investment is allowed for exemption. You have to satisfy the condition. If the registered chit is eligible investment, AO can not disallow the same. - Subscription to chit amount - .....

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..... violation u/s 13(1)(d) read with section u/s 11(5) - Query Started By: - GOVINDASAMY RADHAKRISHNAN Dated:- 23-1-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, re .....

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..... ply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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