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Indian Income Tax: Grant of Approval and Claim of Exemption Us 10(23c)(Vi) of the Income-tax Act...

Date post: 15-Dec-2015
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Scope of enquiry while granting approval ;Necessity for registration u/s 12AA while seeking approval/claiming exemption u/s 10(23C)(vi);Generation of surplus out of gross receipts;Collection of amounts under different heads of fee from students;Impact of extraordinary powers of the Maraging Trustees to appoint remove or nominate other trustees;Filed authorities are advised to keep the above position in mind while dealing with the matters of approval/exemption u/s 10(23C)(vi)
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