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