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Educational institution

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2012 If the annual receipts of any educational institution existing solely for educational purposes exceeds Rs 1 Crore, is the income subject to tax? can somebody help me with an example?
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Krishna Mohan

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Krishna Mohan (Expert)
02 March 2012 Yes it is subjected to tax unless it is registered u/s 12A or registered u/s 10(23C)
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anurag

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anurag (Expert)
02 March 2012 Agree with the expert.
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Querist : Anonymous

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Querist : Anonymous (Querist)
05 March 2012 Thanks a lot Sir for your expert guidance. Could you please let me know procedure to get registered U/s 12A & 10(23C)?

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