LSaF

Question

XYZ Colleges is a non-stock, non-profit educational institution run by the Archdiocese of BP City. It collected and received the following:
A. Tuition fees
B. Dormitory Fees
C. Rentals from canteen concessionaires
D. Interest from money-market placements of the tuition fees
E. Donation of a lot and building by school alumni
Which of these above cited income and donation would not be exempt from taxation? Explain briefly. (2004 BAR)

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