Exemption u/s 11 - donation received - if it is taken that the ...

Income Tax

January 23, 2023

Exemption u/s 11 - donation received - if it is taken that the said fund was for infrastructural development or to say it was towards corpus fund of the trust, still as per the amended provisions of section 2(24)(iia) as amended vide Finance Act 1987 and further amended vide Amendment Act 1989, the trust being not registered u/s. 12A for the year under consideration, the corpus donation will form part of the taxable income of the assessee trust. - AT

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Exemption u/s 11 - donation received - if it is taken that the ...

Income Tax

January 23, 2023

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