Exempted capital receipt u/s 12 - when the development fee ...

Income Tax

December 7, 2017

Exempted capital receipt u/s 12 - when the development fee received by the assessee is not voluntary but it is a compulsory charge on the students then the same cannot be classified as capital in nature for specific purpose or part of the corpus fund of the assessee trust. - AT

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Exempted capital receipt u/s 12 - when the development fee ...

Income Tax

December 7, 2017

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