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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