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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Exemption under 10(23C) - It is not statutorily incumbent upon ...

Income Tax

December 17, 2011

Exemption under 10(23C) - It is not statutorily incumbent upon the assessee to obtain registration u/s 12A of the Act, to enable it for exemption u/s 10(23C) of the Act. - As its receipts, don't exceed Rs. One Crore and the assessee trust exists solely for the educational purpose and not for the purpose of profit, exemption allowed .... - AT

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