https://www.taxtmi.com/manuals?id=1289 Schedule VII provides income-tax exemption for qualifying educational and medical institutions. Government-financed educational institutions must exist solely for educational purposes and not for profit, while Government-financed hospitals must provide specified treatment or rehabilitation services and exist solely for philanthropic, non-profit purposes. Institutions are substantially Government-financed where grants exceed the prescribed percentage of total receipts. Other eligible educational institutions, hospitals and institutions must satisfy the relevant purpose conditions and keep combined aggregate annual receipts within Rs.5 crore. Anonymous donations receive the specified non-profit organisation income treatment. en-us Tue, 20 Oct 2015 16:54:00 +0530 Tue, 15 Sep 2026 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1289 Schedule VII provides income-tax exemption for qualifying educational and medical institutions. Government-financed educational institutions must exist solely for educational purposes and not for profit, while Government-financed hospitals must provide specified treatment or rehabilitation services and exist solely for philanthropic, non-profit purposes. Institutions are substantially Government-financed where grants exceed the prescribed percentage of total receipts. Other eligible educational institutions, hospitals and institutions must satisfy the relevant purpose conditions and keep combined aggregate annual receipts within Rs.5 crore. Anonymous donations receive the specified non-profit organisation income treatment. Manuals Income Tax Tue, 20 Oct 2015 16:54:00 +0530 https://www.taxtmi.com/manuals?id=1289