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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Denial of exemption u/s 11 and 12 - Taxing surplus from ...

Income Tax

November 7, 2017

Denial of exemption u/s 11 and 12 - Taxing surplus from Transportation and Games holding that the transportation activity, games activity and picnic are business activities - Being the part of educational activity, exemption cannot be denied.

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  9. Exemption u/s 11 - undue benefit in lieu of salary and allowances to the persons specified u/s 13(3) - In the present case, even if it is held that there is violation of...

  10. Charitable activity - assessee is entitled to exemption under section 11 and 12 of the act and is not carrying on the business activities when it receives the hostel...

 

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