i would like to know whether after amendment of definition u/s 2(15) i.e charitable purpose by Finance Act, 2008, educational institution claiming exemption under section 10(23C) still continues to enjoy exemption or will be chargable to tax?
i would like to know whether after amendment of definition u/s 2(15) i.e charitable purpose by Finance Act, 2008, educational institution claiming exemption under section 10(23C) still continues to enjoy exemption or will be chargable to tax?
a
The amendment in 2(15) to the definition of charitable purpose is relevant only to charitable purpose coming under advancement of any other object.Amendwill not affect education,medical relief or relief to poor.
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