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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2014 DEAR ALL,

JAIN TEMPLE OR HINDU TEMPLE CAN GET THE BENEFIT OF SECTION 11 OR 12 OF THE INCOME TAX ACT.

IF NO, THEN HOW TO COMPUTE TAX LIABILITY AND WHAT IS PROVISON APPLICABLE?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 September 2014 Exemption under sections 11 & 12 shall not be available in the following cases:
Section 13(1)(a): Income for private religious purposes: Entire income from property held under a trust for private religious purposes which does not ensure for the benefit of the public is not eligible for exemption under section 11 or 12.

Querist : Anonymous

Querist : Anonymous (Querist)

17 September 2014 BUT CAN MANDIR OR DERASAR CAN CLAIM BENIFIT FOR THAT?

AND NOT THEN HOW TO CALCULATE TAX LIABLITY?

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 September 2014 Mandir can not claim benefit. For tax liability slab rates applicable to individuals will be considered.