Society's Income Tax Computed as NIL, Qualifies for Exemption u/s 11 Due to Charitable Application of Funds. https://www.taxtmi.com/highlights?id=12604 Computation of income as NIL - when the assessee society has applied more than 85% of its total receipts for the objects and charitable purposes of the society, exemption u/s 11 allowed. - AT en-us Wed, 08 May 2013 06:43:28 +0530 Wed, 08 May 2013 06:43:28 +0530 TaxTMI RSS Generator Society's Income Tax Computed as NIL, Qualifies for Exemption u/s 11 Due to Charitable Application of Funds. https://www.taxtmi.com/highlights?id=12604 Computation of income as NIL - when the assessee society has applied more than 85% of its total receipts for the objects and charitable purposes of the society, exemption u/s 11 allowed. - AT Highlights Income Tax Wed, 08 May 2013 06:43:28 +0530 https://www.taxtmi.com/highlights?id=12604