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Income Tax - Highlights / Catch Notes

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Exemptions u/s 11 - Charitable activity - Merely because while ...


Charitable Trusts Retain Tax Exemptions for Incidental Surpluses u/s 11; Activities Not Considered Commercial.

July 29, 2018

Case Laws     Income Tax     HC

Exemptions u/s 11 - Charitable activity - Merely because while carrying out the activities for the purpose of achieving the objects of the Trust, certain incidental surpluses were generated, would not render the activity in the nature of trade, commerce or business.

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