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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Even in the case of charitable hospital, it is not possible to ...

Case Laws     Income Tax

July 25, 2016

Even in the case of charitable hospital, it is not possible to provide medicines to every patient, free of cost. It is only in very deserving cases, a charitable institution could provide medicines free of cost. Thus we find that the collection received by the assessee from its pharmacy section cannot be excluded from computing the income eligible for exemption u/s 11 of the Income-tax Act, 1961 - AT

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