Tuesday, July 6, 2021

Educational trust’s philanthropic donations to other charitable amp; religious institutions eligible for exemption: HC

INCOME TAX: Where Public Charitable Trust, doing educational services, gave donations to charitable and religious institutions for philanthropy only, exemption under section 11 cannot be denied merely because it was donating to 'activities other than education'

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315785/educational-trust’s-philanthropic-donations-to-other-charitable-amp-religious-institutions-eligible-for-exemption-hc.aspx

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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...