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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Generation of surplus while carrying out charitable activities ...


Charitable Entities Can Retain Tax-Exempt Status u/s 12A Despite Surplus, If Funds Further Charitable Goals.

August 4, 2017

Case Laws     Income Tax     AT

Generation of surplus while carrying out charitable activities would not disentitle the assessee for registration u/s. 12A of the Act

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