Patna HC: Possessing Cough Syrup With under 2.5% Codeine Without Authorisation Attracts the NDPS Act || Madras HC: Person Who Converts to Islam Cannot Claim Backward Class Muslim Status || Madras High Court Lays Down Guidelines For Surrogacy Custody and Parentage Applications || Bombay High Court: Residence Proof is Mandatory For RTE Neighbourhood School Admissions || Madras HC Strikes Down TN Law Mandating Registrar’s Title Verification Before Property Registration || Bombay HC Allows Galli News to Report Medical Negligence But Bars Defamatory Hospital Imputations || Supreme Court: Parents’ Loss Cannot Be Measured With Arithmetical Precision || Supreme Court: Registered Sale Deed Remains Valid Despite Minor Attestation Discrepancies || Calcutta High Court: Section 107 BNSS Property Attachment Cannot be Used as a Recovery Tool || Ker HC: Elected Representatives Must Swear by God or Affirm, Cannot Invoke Specific Deities in Oath

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 :