No Tax Shall Be Charged on entire receipts If Income below the Threshold Limit: ITAT [Read Order]

Tax - receipts - Income - ITAT - taxscan

The Bangalore bench of Income Tax Appellate Tribunal (ITAT) has recently held that, no tax should be charged on entire receipts if the income is below threshold limit. Assessee H M V Educational is a Trust registered under section 12A of the Income Tax Act, 1961. The assessee Trust has been running educational institutions since…

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