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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Exemption u/s 11 - charitable activity u/s 2(15) - The surplus ...


Income from STD booths and pharmacies supports charity for disabled individuals, qualifying for tax exemption under Sec 11.

October 15, 2019

Case Laws     Income Tax     AT

Exemption u/s 11 - charitable activity u/s 2(15) - The surplus derived from running the STD booths, pharmaceutical shops etc. was incidental and ancillary to the dominant object of taking care of physically and mentally challenged persons and uplifting them and enabling them to survive and live in this society. - Benefit of exemption allowed.

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