https://www.taxtmi.com/highlights?id=71509 Exemption u/s 11 - Charitable activity u/s 2(15) - entities engaged in providing other than essential services - business of providing built-up space or making available vacant land, on leasehold basis - the letting is being undertaken in an organized manner - The lease rentals are deployed to finance both creation of more built-up space, as well as through charge of depreciation, sustain that existing. - The same qualifies as an eligible business u/s. 11(4A), and it’s income assessable as business income. - AT en-us Thu, 17 Aug 2023 15:45:30 +0530 Thu, 17 Aug 2023 16:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71509 Exemption u/s 11 - Charitable activity u/s 2(15) - entities engaged in providing other than essential services - business of providing built-up space or making available vacant land, on leasehold basis - the letting is being undertaken in an organized manner - The lease rentals are deployed to finance both creation of more built-up space, as well as through charge of depreciation, sustain that existing. - The same qualifies as an eligible business u/s. 11(4A), and it’s income assessable as business income. - AT Highlights Income Tax Thu, 17 Aug 2023 15:45:30 +0530 https://www.taxtmi.com/highlights?id=71509