SC: Ex-Contract Workers Must Be Preferred When Employers Replace Contract Labour With Regular Staff || SC: Waqf Tribunals Cannot Hear Claims over Properties Not Listed or Registered under Waqf Act || Supreme Court: Stray Dog Attacks on Beaches Adversely Impact Tourism || Chhattisgarh HC: Court Employees Cannot Enroll as Regular LLB Students in Breach of Service Rules || Kerala HC: Telling Someone to "Go Away And Die" in Anger Does Not Amount to Abetment of Suicide || Kerala HC: High Courts Work On Holidays; Denying Compensatory Leave To Officers Violates Art. 229 || Del HC: Probationers are ‘Workmen’ under ID Act; S.17B Wages not Recoverable if Termination Upheld || Supreme Court: Confession Without Corroboration Cannot Form the Basis of Conviction || SC: Higher Land Acquisition Compensation to Some Owners Cannot Invalidate Awards to Others || SC: Prior Written Demand is Not Mandatory For an Industrial Dispute to Exist or be Referred

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 :