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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23C)(iiiad) - learning centre affiliated with ...

Income Tax

August 5, 2019

Exemption u/s 10(23C)(iiiad) - learning centre affiliated with PTU - an authorized learning centre has to honour the obligations set out by PTU for providing education to enrolled students and has to employ teachers for taking classes of enrolled students - such centre of PTU would fall within the realm of the definition of the term ‘education’ as envisaged in Sec. 2(15) - exemption allowable

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