Saturday, 10 May 2014

No sec. 80G approval to trust created for benefit of Hindu community even if religious exp. was less

IT : Where assessee-trust was admittedly established with objects of religious nature for benefit of a particular community, it could not be granted approval under section 80G(5) merely because expenditure incurred by trust on religious activities was less than 5 per cent of its total income as required under section 80G(5B)


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