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Business held by the ngos

This query is : Resolved 

12 December 2013 Income tax impliplication on the business income of a Society having 12 AA Regn.of the IT Act. if entire income of the society is from that business exceeding 25 lacs.


12 December 2013 if it is from proper commercial business then it will be treated as Advancement of General Public Utility, and if Income exceeding Rs. 25 Lakh, then trust will loose it exemption u/s 11 even though registered.



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