Sunday, March 6, 2011

Finance Act 2010 Scope of Definition of Charitable Purpose[Sec.2(15)]

Scope of Charitable Purpose[Sec.2(15)]
Now "Advancement of any other object of general public utility" wud continue 2b a "Charitable Purpose", if Total Receipts from any activity in the nature of Trade,Commerce,Business(TCB)or any activity of rendering any service in relation to TCB, does not exceeds Rs.10lacs in P.Y.

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