Charitable Trusts, Trade Bodies Face Income-Tax Scrutiny Over ‘Commercial’ Receipts
The Income-tax Department has issued notices to charities and trade bodies, questioning whether certain receipts qualify as ‘commercial’ under Section 2(15). The move may impact tax-exempt status under Sections 11 and 12A.
CA Sneha Joshi
@ca_sneha
CA
ACA | GST Practitioner | Startup & SME taxation | Ahmedabad | Helping small businesses stay compliant.