Tax Tweak For Education Trust
The Supreme Court has held that educational institutions or trusts can claim tax exemption only if they 'solely' engage in education and not in any for-profit activity. However, they can have surplus or profits, as long as such surplus is generated in the course of providing education or educational activities.
Source | FINANCIAL EXPRESS | 7th NOVEMBER 2022
Regards!
Librarian
Rizvi Institute of Management
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