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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Where it was found that amount paid by parents of students ...


Court Rules Student Payments as Capitation Fees, Not Corpus Donations; Not Exempt u/s 11 of Income Tax Act.

July 5, 2016

Case Laws     Income Tax     AT

Where it was found that amount paid by parents of students admitted to assessee’s educational institution was not corpus donation amount, but it was collected only by way of capitation fees, such capitation fees was not exempt u/s 11.

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