Section 11 Exemption Valid: Student Fees Comprehension Ensures Deduction Eligibility, No Breach of Sections 11(5) or 13.

Section 11 Exemption Valid: Student Fees Comprehension Ensures Deduction Eligibility, No Breach of Sections 11(5) or 13. https://www.taxtmi.com/highlights?id=53419 Exemption u/s.11 - There is an element of quid pro quo for them and therefore, the students are exactly aware for what purpose their fee is going to be used for. For a moment, even if it is held that development fee is revenue receipts, the same are still eligible for deduction u/s. 11 - there is no violation of either 11(5) or 13 en-us Mon, 18 May 2020 12:08:14 +0530 Mon, 18 May 2020 12:08:14 +0530 TaxTMI RSS Generator Section 11 Exemption Valid: Student Fees Comprehension Ensures Deduction Eligibility, No Breach of Sections 11(5) or 13. https://www.taxtmi.com/highlights?id=53419 Exemption u/s.11 - There is an element of quid pro quo for them and therefore, the students are exactly aware for what purpose their fee is going to be used for. For a moment, even if it is held that development fee is revenue receipts, the same are still eligible for deduction u/s. 11 - there is no violation of either 11(5) or 13 Highlights Income Tax Mon, 18 May 2020 12:08:14 +0530 https://www.taxtmi.com/highlights?id=53419