Exemption to sec. 8 companies

This query is : Resolved

CA UPENDRA (Querist)
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29 October 2016 pls advice whether benefits of exemption u\s 11 & 12 & 80G of IT Act is available to Sec. 8 company ( non profit making CO.) like charitable trust

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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30 October 2016 In order to get benefit of exemption they have to make registration income tax commissioner in Form 10A .

sivadas chettoor

sivadas chettoor (Expert)
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25 November 2016 Yes...the benefit of exemption u/s 11 is available so long as the objective of the organisation (be it a trust or sec 8 company)...is charitable and income claimed as exempt is from property held for charitable purpose..