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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Benefit u/s 11 an 12 - Loan given to society not registered u/s ...

Income Tax

July 30, 2013

Benefit u/s 11 an 12 - Loan given to society not registered u/s 12AA - Where both the societies have similar objects and are registered under Section 12AA and have approvals under Section 80G, interest free loan cannot be treated as deposit or investment so as to attract Section 11 (5) of the Act - HC

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