Friday, January 31, 2020

Trust exemption is available from AY following financial year in which it got registration: HC

INCOME TAX : Benefit under sections 11 and 12 would be available to assessee from assessment year following financial year in which application for registration under section 12A was given and not from any previous year

from www.taxmann.com Latest Case Laws https://ift.tt/37Mxdqy

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...