Rule – 2BBA, Circumstances and conditions for the purposes of clause (19) of section 10
March 9, 2018
Rule – 2BC, Amount of annual receipts for the purposes of sub-clauses (iiiad) and (iiiae) of clause (23C) of section 10
March 9, 2018

Rule – 2BBB, Percentage of Government grant for considering university, hospital etc. as substantially financed by the Government for the purposes of clause (23C) of section 10

2BBB. For the purposes of sub-clauses (iiiab) and (iiiac) of clause (23C) of section 10, any university or other educational institution, hospital or other institution referred therein, shall be considered as being substantially financed by the Government for any previous year, if the Government grant to such university or other educational institution, hospital or other institution exceeds fifty per cent of the total receipts including any voluntary contributions, of such university or other educational institution, hospital or other institution, as the case may be, during the relevant previous year. ]

Reference: www.incometaxindia.gov.in

Leave a Reply

Want to know more about HostBooks?

We’ll help you out!