Research


07 February 2011 Amount received in the name of Research Rs. 10,00,000/- ..whether it will be exempt under any section of income tax act 1961.
Amount is received from ICAI .


08 February 2011 To whom the amount is received?
Whether the assessee is notified by the taxation authorities for conducting the research?

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09 February 2011 It is taxable income.


16 March 2011 @ Karan :-
Amount is rceived by individual.
No the individual is not notified by tax authorities.
I want ask whether it can be exempt under any su-section of Section 10 of IT Act. 1961



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