'Truth is God', a religious trust u/s 12AA of the Income-tax Act, 1961, provides service by way of renting of premises within the precincts of a…

CA Intermediate · Taxation · PYQS · September 2024
'Truth is God', a religious trust u/s 12AA of the Income-tax Act, 1961, provides service by way of renting of premises within the precincts of a religious place which is exempt upto ₹ _
(A) 999 per day
(B) ₹ 1,000 per day
(C) ₹ 9,999 per day
(D) ₹ 10,000 per day

Suggested Answer and Working Notes:

Correct Answer: Option (C)

₹ 9,999 per day

Topics: Paper 3A: Income Tax Laws

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