Educational institution
This query is : Open
Querist : Anonymous
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?
02 March 2012
Yes it is subjected to tax unless it is registered u/s 12A or registered u/s 10(23C)
Querist : Anonymous
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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