TaxTMI 
TaxTMI 
TaxTMI 
Furnishing of return of income by certain universities and hospitals referred to in section 10 (23C) of the Act
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....urnishing of return of income by certain universities and hospitals referred to in section 10 (23C) of the Act<br> Query (Issue) Started By: - Admin TMI Dated:- 28-2-2015 Last Reply Date:- 28-2-2015 ....
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....Income Tax<br>Got 1 Reply<br>Income Tax<br>Question - What are the changes in section 10(23C) in Finance Bill 2015 ? Reply By Admin TMI: The Reply: Furnishing of return of income by certain universi....
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....ties and hospitals referred to in section 10 (23C) of the Act Under the provisions of section 10 of the Act, exemption under sub-clause (iiiab) and (iiiac) of clause (23C), subject to specified condi....
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....tions, is available to such university or educational institution, hospital or other institution which is wholly or substantially financed by the Government. Under the existing provisions of section ....
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....139, all entities whose income is exempt under clause (23C) of section 10, other than those referred to in sub-clauses (iiiab) and (iiiac) of the said clause, are mandatorily required to file their re....
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....turn of income. It is proposed to amend the Act in order to provide that entities covered under clauses (iiiab) and (iiiac) of clause (23C) of section 10 shall be mandatorily required to file their r....
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....eturn of income. This amendment will take effect from 1st April, 2016 and will, accordingly, apply in relation to the assessment year 2016-17 and subsequent assessment years.<br> Discussion Forum - K....
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....nowledge Sharing ....