Section 2(15) of incometax act Charitable institution

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..... Rajsthan Bhawan is a 'DHARMSHALA' It is registered u/s 12A of the Income Tax Act . Till assessment year 2015-16 there is no tax liability on surplus of income over expenditure because gross .....

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..... receipt does not exceed ₹ 2500000/- There is change in section 2(15) by Finance Act 2015 . Under the new law receipts should not exceed 20% of the receipts..Source of income of Dharmshala is .....

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..... rent from letting out the Bhawan and interest on fixed depost with bank. my query is - under the amended law will there be tax liability on dharmshala? - Reply By satbir singh wahi - The Reply = .....

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..... AS PER THE AMENDMENT THERE WILL BE PROBLEM FOR SMALL INSTITUTIONS - Section 2(15) of incometax act Charitable institution - Query Started By: - GOPAL HARLALKA Dated:- 13-8-2015 Income Tax - Got 1 .....

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..... Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTM .....

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..... I - TMITax .....

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