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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Exemption u/s 10(23C) – If donations are received compulsorily ...


Entities Collecting Mandatory Donations for Student Admissions Ineligible for Tax Exemption Under IT Act Sections 10(23C) and 11.

January 10, 2014

Case Laws     Income Tax     AT

Exemption u/s 10(23C) – If donations are received compulsorily for the admission of students, by whatever name it may be called, the assessee would not be entitled for exemption either under S. 10(23C) or under S.11 - AT

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