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Income Tax - Highlights / Catch Notes

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Exemption u/s 11 - charitable activities u/s 2(15) - the ICC is ...

Income Tax

December 30, 2023

Exemption u/s 11 - charitable activities u/s 2(15) - the ICC is not carrying on any activity of holding meetings, seminars and conferences for business purpose but only in support its main object and it charges from its participants, members and non-members the amount of fee which does not even covers the cost of holding such events. - the ICC is entitled to exemption u/s 11 - AT

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