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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Computation of income as NIL - when the assessee society has ...


Society's Income Tax Computed as NIL, Qualifies for Exemption u/s 11 Due to Charitable Application of Funds.

May 8, 2013

Case Laws     Income Tax     AT

Computation of income as NIL - when the assessee society has applied more than 85% of its total receipts for the objects and charitable purposes of the society, exemption u/s 11 allowed. - AT

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