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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Allowability of exemption u/s 11 – Charitable purpose u/s 2(15) ...


Charitable Institutions Get Tax Exemption u/s 11, Defined by Section 2(15), Upon Section 12A Recognition.

November 13, 2014

Case Laws     Income Tax     AT

Allowability of exemption u/s 11 – Charitable purpose u/s 2(15) - Once the assessee is a charitable institution and duly recognised under section 12A, then income is to be computed in accordance with the provisions of section 11 only - AT

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