Profit-oriented NGO/trust can’t claim exemption u/s 10(23C)
Profit-oriented NGO or trust can’t claim exemption u/s 10(23C). Charitable institutions registered under section 12AA of the Act may apply for exemption under section 11 if all the conditions have been fulfilled, . While Section 10 (23C) under income tax act is a specific exemption provision applicable to some public and private educational institutions, Section …