Monday, April 12, 2021

Trust receiving capitation fee for admission of students couldn’t be held as running charitable activities

INCOME TAX : Where treasurer and secretary of educational trust had admitted in their statement that trust was collecting capitation fee for admission of students, trust was not entitled for registration under section 12AA as it was not running charitable activities

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198454/trust-receiving-capitation-fee-for-admission-of-students-couldn’t-be-held-as-running-charitable-activities.aspx

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

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