Exemption u/s 11 - Charitable activity u/s 2(15) - Principle of ...
Membership Fees from Members Exempt from Tax u/s 11 Due to Principle of Mutuality and Charitable Activities.
April 4, 2020
Case Laws Income Tax AT
Exemption u/s 11 - Charitable activity u/s 2(15) - Principle of Mutuality - NASSCOM - the membership fees received by the assessee from its own members comes within the meaning of principle of mutuality and as such the net income of the assessee from its own member is exempt from tax.
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