Interest from Fixed Deposits Not Part of School's Annual Receipts for Tax Exemption u/s 10(23C)(iiiad.

Exemption u/s 10(23)(iiiad) – The income from interest on FDRs is an additional income of society and it cannot be considered to be part of annual receipts of the school for claiming exemption u/s 10(23C)(iiiad) in respect of school. - AT .....

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