Charitable Institutions: Differences in Total Income u/ss 2(45) and 11(1) for Tax Deductions and Accumulation Explained.

Charitable Institutions: Differences in Total Income u/ss 2(45) and 11(1) for Tax Deductions and Accumulation Explained. https://www.taxtmi.com/highlights?id=14490 Total income u/s 2(45) versus Income u/s 11(1) - charitable institution - benefit of standard deduction under income from house property for the purpose of accumulation of income - the question of allowing any statutory deductions as contemplated by the different provisions of the IT Act dealing with different heads of income cannot arise while deciding the percentage of application or accumulation under section 11 - AT en-us Sat, 14 Sep 2013 11:20:16 +0530 Sat, 14 Sep 2013 11:20:16 +0530 TaxTMI RSS Generator Charitable Institutions: Differences in Total Income u/ss 2(45) and 11(1) for Tax Deductions and Accumulation Explained. https://www.taxtmi.com/highlights?id=14490 Total income u/s 2(45) versus Income u/s 11(1) - charitable institution - benefit of standard deduction under income from house property for the purpose of accumulation of income - the question of allowing any statutory deductions as contemplated by the different provisions of the IT Act dealing with different heads of income cannot arise while deciding the percentage of application or accumulation under section 11 - AT Highlights Income Tax Sat, 14 Sep 2013 11:20:16 +0530 https://www.taxtmi.com/highlights?id=14490