Tag Archives: Amendment of section 11.

No exemption for Specific corpus donation by exempt entities to other exempt entities w.e.f AY 2018-19

No exemption for corpus donation by exempt entities to other exempt entities [ Amendment in Section 11 of Income Tax Act – Applicable from Assessment Year 2018-19] Relevant extracts from Explanatory memorandum to the provisions of Finance Bill 2017 Restriction on exemption in case of corpus donation by exempt entities to other exempt entities As… Read More »