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pvsrikanth

pvsrikanth (Querist)
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18 July 2011 DEAR SIR,

AGRICULTURE INCOME, EDUCATIONAL INSTITUTIONS INCOME & HOTEL INCOMEE ARE EXEMPT FROM TAX OR NOT?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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18 July 2011 Only Agriculture income is exempt.
Educational Institutions Income is taxable however, if it is run by a trust and following provisions of Section 11 to 13. its income may exempt, but under certain conditions.

Income of Hotel is not exempt however in certain cases deductions under chapter VIA can be availed.

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