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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Contribution to education fund u/s section 63(1)(b) of the ...


Education Fund Contribution u/s 63(1)(b) Deemed Income Application, Not Diversion; Deduction Denied for Prior Year Profit.

January 13, 2015

Case Laws     Income Tax     AT

Contribution to education fund u/s section 63(1)(b) of the multistate co-operative societies act 2002 - application of income or diversion of income by overriding title - this amount paid during the year is not out of the profits of this year but profits of earlier year - deduction not allowed - AT

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