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Section 25 company

This query is : Resolved 
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(Querist)
19 February 2013 Do we get the benefit of section 11 of income tax act for section 25 company (non profit organizations.
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CA Suraj Lakhotia

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CA Suraj Lakhotia (Expert)
19 February 2013 You will not get the benefit automatically. You need to follow the procedure and comply with rules of Income Tax Act.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 February 2013 Dear Ankit,

to claim benefits of Section 11, you shall have to register with income tax authorities under section 12A.

If you need any help in this regard, do let me know.
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