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Income Tax - Highlights / Catch Notes

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Exemption of income u/s 11 - running of hostels and providing ...


Income from hostels and transport for students and staff is tax-exempt, supporting education u/s 11.

May 4, 2019

Case Laws     Income Tax     AT

Exemption of income u/s 11 - running of hostels and providing transportation facilities to the students - facilities to the students and staff is incidental to achieve the charitable object of providing education - provisions contained in Section 11(4A) are not applicable

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