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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Charitable activity u/s 2(15) - the legislature did not desire ...


Income Tax Act Section 2(15) exempts charitable activities like education from trade or commerce restrictions.

October 8, 2018

Case Laws     Income Tax     HC

Charitable activity u/s 2(15) - the legislature did not desire the condition or restriction related to trade / commerce to be attached to the remaining activities which were defined or categorized as charitable purpose under sub-section (15) which includes the education.

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