Microfinance with Commercial Elements and Interest Charges Lacks Charitable Intent and Disqualifies for Tax Exemption
Microfinance with Commercial Elements and Interest Charges Lacks Charitable Intent and Disqualifies for Tax Exemption Issue Whether a Section 8 company engaged in microfinance and credit activities can qualify for charitable registration under Section 12A/12AB and tax benefits under Section 80G if its operations involve commercial elements, interest charges, and a failure to demonstrate a… Read More »

