The income of a news agency which applies its income or accumulates it for the sole purpose of collection and distribution of news and does not distribute to its members is exempt under section
A. [10(22B)]
B. [10(22C)]
C. [10(23B)]
D. [10(23BB)]
Answer:A
The income of a news agency which applies its income or accumulates it for the sole purpose of collection and distribution of news and does not distribute to its members is exempt under section
A. [10(22B)] B. [10(22C)] C. [10(23B)] D. [10(23BB)]