SC: Electricity Dues over 2 Years Recoverable only if Shown Continuously as Outstanding || Allahabad HC Criticises UP Govt for Using Goondas Act as a ‘Tool of Oppression’ || Gujarat HC: Complaint Made in Good Faith does not Amount to Defamation || Allahabad HC: Bar Association Membership Disputes Are Private, Outside Writ Jurisdiction || P&H HC: Section 147A Income Tax Act Unconstitutional; Legislature Can’t Override Court Findings || Karnataka HC: Refusing to Return Child’s Volleyball, Asking for Parent Not Abetment of Suicide || Can an IBC Resolution Plan Survive the Death of its Proponent? NCLAT Answers || Supreme Court: Rape Conviction Possible Without S.376 Charge if POCSO Case Fails on Age Proof || SC: Mere Long Possession Can't Establish Adverse Possession; Hostile Intent is Required || Supreme Court Finds Gaps in FSSAI’s Proposed Warning Labels for Foods High in Fat, Sugar and Salt

Clarification on certain issues related to grant of approval and claim of exemption u/s. 10(23C)(vi) of the Income-tax Act, 1961 - (Ministry of Finance ) (17 Aug 2015)

Clarification on approval and claim of exemption by universities and educational institutions

MANU/DTCR/0025/2015

Direct Taxation

The Central Board of Direct Taxation notified clarifications to Section 10(23C)(vi) of the Income Tax Act, 1961, which prescribes conditions for tax exemptions for universities and educational institutions. The clarifications refer to matters, including, the scope of enquiry for the grant of approval, necessity for registration and the collection of amounts under different heads of fee from students.

Relevant : Section 10(23C)(vi) Income Tax Act, 1961 Act

Tags : TAX EXEMPTION UNIVERSITIES

Share :