10 (23C)(iiiab)

This query is : Resolved 

03 March 2020 Govt school approved under 12AA and 80G, can such school under ITR-7 claim 10(23C)(iiiab) exemption. Such School received Audit report under Form 10B instead of 10BB.

09 March 2020 In my view approval is required U/s 10(23C) ( Required Form 10BB) and Registration is granted U/s 12AA. In this case, you can only file Form 10B and as such 10(23C) exemption can not be availed.

09 March 2020 Please also apply for UDIN as prescribed under the Finance Bill




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