Updated On: 31 January, 2010 11:10 AM IST | | PTI
Industry body Assocham wants the government to bring educational and medical institutions being run on commercial basis, including such hospitals under the tax net.
Industry body Assocham wants the government to bring educational and medical institutions being run on commercial basis, including such hospitals under the tax net.
The chamber said such institutions earn huge amounts of money but do not pay tax. "Most education, medical institutions and hospitals are being run on commercial basis and despite huge surpluses, no tax is being offered on such income," it said.