Exempted income
This query is : Resolved
07 September 2013
u/s 10(23 c) an exemption is available in respect of any income received by any person on behalf of the following
ANY HOSPITAL OF ITS AGGREGATE ANNUAL RECEIPTS DO NOT EXCEEDS THE PRESCRIBED LIMIT OF RS ONE CRORE
ANY HOSPITAL OF ITS AGGREGATE ANNUAL RECEIPTS DO NOT EXCEEDS THE PRESCRIBED LIMIT OF RS ONE CRORE
08 September 2013
10(23c) refers to the income of the institution and not the income of the employee. Hence the employee doctor can't get the benefit of section 10(23C).
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