Exemption u/s 11 - Charitable activity u/s 2(15) - assessee was ...

Income Tax

March 30, 2022

Exemption u/s 11 - Charitable activity u/s 2(15) - assessee was giving on rent Kalyana Mandapa for fees - Assessee has not been maintaining books of account separately for the business of letting out of kalyana mandapa. Therefore, even assuming the business is incidental to the attainment of the objects of the trust in absence of separate books of account, the benefit of section 11 of the I.T.Act cannot be granted. - AT

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Exemption u/s 11 - Charitable activity u/s 2(15) - assessee was ...

Income Tax

March 30, 2022

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