Sec 8 company
can a company registered as association of person under sec 8 of the companies act avail sec 12A exemption under income tax act, 1961
Replies (1)
No. For availing exemption, it should be registered u/s 12A of the income taX ACT, even if it is sec 8 company whose object is for promoting art, culture, or some thing not profit act
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