03 March 2020
A School Allot PAN under AOP. please provide me correct ITR Form 7 or 5. can file ITR 7 is valid. Also provide me late filling ITR-5/7 Tax rate
03 March 2020
Gross receipts not exceed 1 crore and it's an educational institution not for profit file ITR 7. In other cases file ITR 5 slab rate of tax applicable.
05 March 2020
But Sir, Assessee not grant approval from dept. under sec. 10(23C). BUT he got approval under 12AA. can he claim 10(23C) on behalf on 12AA
05 March 2020
if gross receipts are not more than 1 crore then no need of approval, section 10(23C) is automaticaly granted subject to other conditions mentioned by CA Seetharaman Sir already.
CAclubindia
