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Sagarika (CA)     20 February 2008

Case base Query on Exemption u/s 11

Following are the facts of a case on which I need your opinion for exemption u/s11

1)A trust has been formed to provide medical facilities to public..

2)Trust gives medical services to a pvt ltd company for which it charges adequate consideration.

3)That company is covered u/s 13(3)

My question is :

Is amount charged from pvt ltd co by trust for medical services is exempt u/s11?

 2 Replies


Vijay (CA)     20 February 2008

Dear Rekha, Yes trust can take Tax exemption as it is working fo charitable purpose. I believe it doesnt make any difference if it is providing service to companyn also. The most important thing is that Trust should use income for charitable purpose only and not for personal purpose of trustees and key managerial persons Let me know if require any information more. Thanks Vijay

Sagarika (CA)     20 February 2008

Thanx Mr Vijay.But my query is related to section 12(2) & 13(6).The main point of question is section 13(3).Pls reply considering these sections.

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