Gujarat HC rules Admission Fee Paid to Educational Trust is Corpus Donation, allows Exemption u/s 11(1)(d) of Income Tax Act [Read Order]

“Tribunal has committed an error by treating the admission fee charged from the students as not forming part of the corpus of the Trust”
By Ashkar Tovarishch - On July 6, 2024 5:20 pm - 2 mins read
Gujarat High Court - Gujarat HC - Income Tax Act - Income Tax - Corpus Donation - capitation fee - taxscan

The Gujarat High Court has ruled that admission fees paid to a charitable educational trust can be considered a corpus donation and are thus eligible for exemption under Section 11(1)(d) of the Income Tax Act, 1961, if there is no evidence to suggest it was a capitation fee. N H Kapadia Education Trust, which runs…

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