Exampt from filing or return u/s 10

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2014 sir,

pleases give me a advice we are return file or not file because our educational institution and our object is not a derived income so we require a file a return or nor file

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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20 March 2014 According to the section 139(4C) for the education Institutions if their Total income exceeds basic exemption limit before giving effect u/s 10 provisions is required to file Income tax return.

So in your case if with out claiming exemption u/s 10 your total income exceeds basic exemption limit then required file Income tax return.

OM SAI SRI SAI JAI JAI SAI

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