Section 11 Income Tax Act: Charitable Purpose Exemption Expanded, "Activity for Profit" Clause Removed from Section 2(15.

Exemption u/s 11 - charitable purposes - the words "not involving the carrying on any activity for profit" were dropped from section 2(15) - As long as broader public cause is served, whether by the State funding or by efficient regulation of the affairs, it is an object of general public utility. - AT .....

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