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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Exemption U/s 11 and 12 - non charitable activities - receipt of ...

Case Laws     Income Tax

January 18, 2017

Exemption U/s 11 and 12 - non charitable activities - receipt of rent - the dominant motive in this case is not earning profit but to do charity in the form of public service by providing accommodation to the common man at affordable rates - benefit of exemption allowed - AT

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  10. Eligibility for exemption u/s 11 & 12 - assessee is eligible for exemption u/s 11 & 12 of the Income Tax Act as assessee is not engaged in any trade, commerce or...

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