banner_ad

Income tax applicability of society

This query is : Resolved 
Profile Image

Profile Image

(Querist)
19 July 2014 Please let me know the following queries.

1) If a society not registered under 12A but registered under society act shall they enjoy the IT benefit.
2)If the society collect advertisement or other kind of support in terms of money in that case all the fund received by society treated as donation.
3) Whether the donation income is taxable after the expenditure made by the society in that specified period.
4) If the society registered under 12A then the entire income will be non taxable.
5) If the income is taxable both the case with or without 12A registration( if tax applicable for 12A) what will be the tax rate.

Regards
Amit Nandy

Regards
Amit Nandy
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
19 July 2014 1. No

2. no. in absence of 12A everything received it an income

3. in absence of 12A registration, the surplus shall be taxable

4. yes

5. in absence of 12A, tax rate as applicable to AOP shall apply.

5.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
28 April 2026
Senior Accounts Professional

Vivek S Gupta & Associates

New Delhi

B.Com

View Details