Tax exemption to ICC u/s. 10(39)- how ridiculous??!!!

Gayathri (Chartered Accountant) (286 Points)

02 April 2011  

The union govt has granted tax exemption to ICC to the tune of Rs. 45 crores, u/s. 10(39)?

I wonder, what was d need to give exemption 2 ICC, which earns in biilions. Thses sort of previliges provided under r absolutely anti-social? Y no one questions, these foolish deeds by govt, in our country?

I think d bodies like ICAi, ICWAI can play the role of watch dog, in monitoring d actions of d govt. But even they r useless.

y people r so lethargic in India?