Educational society pan card

This query is : Resolved

Jatin Aggarwal (Querist)
Follow

23 January 2014 I AM RUNNING A PRIVATE SCHOOL RUNNED UNDER SOCIETY REGISTERED UNDER SOCIETY ACT IN HARYANA, NOW I WANT TO APPLY PAN CARD FOR THIS SOCIETY. PLEASE GUIDE ME UNDER WHICH OPTION i.e "AOP OR TRUST" I HAVE TO TICK AND APPLY IN FORM 49A OF PAN CARD APPLICATION.

CA GAJENDRA KUMAR JAIN

CA GAJENDRA KUMAR JAIN (Expert)
Follow

23 January 2014 DEAR

EDUCATION INSTITUTE REGISTERED UNDER SOCIETY ACT CAN APPLY FOR PAN CARD AS A AOP.

Jatin Aggarwal

Jatin Aggarwal (Querist)
Follow

23 January 2014 Thank You very much Sir ....

But I want to know the difference between the both... and can i claim exemption u/s 10 23C for this society while filling Income Tax Return ????

Upgrade to CAclubindia Pro. Subscribe Now!

CA Rahul Gupta

CA Rahul Gupta (Expert)
Follow

19 February 2018 You should tick as Artificial Judicial Person not AOP, If you will go with AOP, then you can not apply for 12A & 80G under Income Tax