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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Exemption u/s. 11 - the payments made to the trustees - When the ...


Trust's Tax Exemption Upheld: Trustee Payments for Services Allowed u/s 11, Not Violating Section 13(1)(c.

April 10, 2015

Case Laws     Income Tax     HC

Exemption u/s. 11 - the payments made to the trustees - When the Trust is availing the services of these trustees and on account of the services rendered by them, there is a substantial growth in the Trust and its activities, when the payments are made for such services rendered, it cannot be said that it contravenes Section 13(1)(c) - HC

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