20 June 2011
MY QUERRIES ARE AS FOLLOWS PLS SOLVE THEM AND OBLIDGE
MY CLIENT IS AN EDUCATIONAL REGISTERED TRUST CLAIMING EXEMPTION U/S 10(23C) AND ITS REGISTERED UNDER SOCIETY ACT ALSO
MY QUERRIES ARE
1 UNDER WHICH SUBSECTION IT SHOULD GET EXEMPTION 2 ITS TOTAL GROSS RECEIPTS IS BELOW RS 1 CRORE INCLUDING GRANT RECEIVED FROM SOCIAL WELFARE DEPARTMENT OF MAHARASHTRA STATE CAN THE TRUST CONTINUE TO CLAIM EXEMPTION U/S 10(23C) 3 IS THE TRUST SUPPOSED TO FILE THE FORM NO 10BB IF YES IS IT TO BE SUBMITTED ALONG WITH THE INCOME TAX RETURN OR NOT.