Income tax benefits to section 8 companies
This query is : Resolved
02 July 2015
hi
can section 8 company of companies act 2013 gets income tax benefits like trust under section 11 & 12 of income tax act 1961 ?
can section 8 company of companies act 2013 gets income tax benefits like trust under section 11 & 12 of income tax act 1961 ?
02 July 2015
Yes section 8 companies can get income tax benefits u/s 11 & 12.
02 July 2015
thank you for your valuable reply
it means we can treat it as like trust tax computation can you please tell me any procedure for getting benefit of section 11 and 12 of income tax if any
it means we can treat it as like trust tax computation can you please tell me any procedure for getting benefit of section 11 and 12 of income tax if any
02 July 2015
You have to register u/s 12A of the Income tax Act to get exemption u/s 11 and 12 of income tax.
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