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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Voluntary contributions to the assessee-society qualify as ...

Income Tax

March 21, 2018

Voluntary contributions to the assessee-society qualify as income u/s. 2(24)(iia) of the Act, and is therefore, subject to the provisions of the Act - the assessee is not entitled to exemption u/s. 11 in-as-much as it is admittedly not registered u/s. 12AA - AT

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