A Trust Having Educational Activity only, Receiving Public Donation, whether required to get registered U/s-12A of IT Act, as Sec-10 (23)iiiad exempts any income received by educational institution for educational purposes if the gross receipt during the year does not exceed 1crore.
03 September 2010
The Institution shall make an application in the prescribed form No 56 (Refer Income Tax Rules) and manner to Chief Commissioner or Director General for the purpose of grant of exemption.
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