Exemption from tax
This query is : Resolved
sriram saibabu
(Querist)
22 December 2014
Is temple can get exemption from tax automatically? if not what are the procedures to be follow to get exemption from tax.
22 December 2014
you need to first get the temple registered as trust and then u need to spend at least 85% of any kind of donation to get exemtion u/s 11 and 12 of income tax act 1961
Rupesh Jain
(Expert)
22 December 2014
it is required for registered under u/s 12A and use the donation @85% for the purpose then no tax arise.
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