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Income Tax - Highlights / Catch Notes

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Charitable activities - exemption u/s 11 - merely earning the ...


Section 11 Exemption: Surplus Alone Doesn't Make Charitable Activities a Business Under Income Tax Act.

November 12, 2018

Case Laws     Income Tax     HC

Charitable activities - exemption u/s 11 - merely earning the surplus does not result in to the conclusion, that assessee is carrying on its activities, which can be termed as business, trade, or commerce.

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