Nagpur Flying Club gets registered as Govt company, gets I-T exemption
Published in The Hitavada CityLine on June 28, 2013 Nagpur Flying Club gets registered as Govt co * Also gets Income Tax exemption Staff Reporter Nagpur Flying Club Private Limited is now Nagpur Flying Club. The change, which appears to be minor, is actually a major step forward for the Club towards becoming a professionally run Government company. The change has been effected following its registration under Section 25 of the Company Law. Now, Nagpur Flying Club is fully-owned Government company. Recently, it also got Income Tax exemption. B V Gopala Reddy, Divisional Commissioner and Chairman of Nagpur Flying Club, received this intimation on June 25. How do these changes affect the training provided at the Club? “These developments are major. Registration as a Government company and Income Tax exemption will provide relief to students and their parents as they will not have to bear the burden of paying service tax at the time of securing admissions,” said M A H Khan, Managi...