Gujarat Regulatory Body's Charitable Activities Qualify for Tax Exemptions Under Income Tax Act Sections 2(15), 11, and 12.

Gujarat Regulatory Body's Charitable Activities Qualify for Tax Exemptions Under Income Tax Act Sections 2(15), 11, and 12. https://www.taxtmi.com/highlights?id=53172 Exemption u/s 11 - Charitable activities u/s 2(15) - assessee is a regulatory body created by State Government u/s 22 of Gujarat Town Planning and Urban Development Act (GTPUDA), 1976 for proper development of specified area in the state as ensured by the State Government - the activities of assessee are for charitable purposes under s.2(15) of the Act and consequence eligible for benefits under s.11 & section 12 of the Act. en-us Mon, 27 Apr 2020 11:17:22 +0530 Mon, 27 Apr 2020 11:16:48 +0530 TaxTMI RSS Generator Gujarat Regulatory Body's Charitable Activities Qualify for Tax Exemptions Under Income Tax Act Sections 2(15), 11, and 12. https://www.taxtmi.com/highlights?id=53172 Exemption u/s 11 - Charitable activities u/s 2(15) - assessee is a regulatory body created by State Government u/s 22 of Gujarat Town Planning and Urban Development Act (GTPUDA), 1976 for proper development of specified area in the state as ensured by the State Government - the activities of assessee are for charitable purposes under s.2(15) of the Act and consequence eligible for benefits under s.11 & section 12 of the Act. Highlights Income Tax Mon, 27 Apr 2020 11:17:22 +0530 https://www.taxtmi.com/highlights?id=53172