U/s 10(23C)(iiiad) whose total income is below 5 crores

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Chandra Kala (Querist)
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24 July 2023
Society having school fee as well as rental income, can file return u/s 10(23C)(iiiad) whose total income is below 5 crores

CA R SEETHARAMAN (Expert)
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25 July 2023 Yes, rental income is incidental and of related to school building and should not exceed 20% of total receipt.

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