Mumbai University is assessable under the Income Tax Act as
Answers
Answered by
3
Explanation:
Important definitions in the Income-tax Act, 1961 and Concepts of previous ... b. a person who is assessable in respect of income or loss.
Answered by
1
Answer:
Mumbai University is assessable under the Income Tax Act as Trust
Explanation:
Mumbai University is an Educational Institution imparting higher education and is registered as charitable educational society.
It will be assessed as trust registered under Section 12AA and Section 10(23C) of the income tax act 1961 in India.
Similar questions