The rental income received by a Trust from the properties purchased out of the surplus fund is not exempted under the Income Tax Act, 1961, said the Delhi bench of the Income Tax Appellate Tribunal (ITAT). The assessee, Sanatan Dharam Shiksha Samiti, Narwana is a society having object of directing, supervising and looking after Sanatan […]
The post Rent received by Trust from Shops Purchased out of Surplus Fund is Taxable: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws https://ift.tt/2YT243k
No comments:
Post a Comment