Eligibility to claim exemption u/s 11 - contribution to chit ...

Chit Fund Contributions Not Considered Investments; Assessee Eligible for Exemption u/s 11 of Income Tax Act.

August 12, 2015

Case Laws Income Tax AT

Eligibility to claim exemption u/s 11 - contribution to chit funds - it is wrong to conclude that assessee has with an intention to earn profit or income made a contribution to the chit fund - not in the nature of investment - exemption allowed - AT

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Eligibility to claim exemption u/s 11 - contribution to chit ...

Chit Fund Contributions Not Considered Investments; Assessee Eligible for Exemption u/s 11 of Income Tax Act.

August 12, 2015

Case Laws Income Tax AT

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