06 March 2009
A Socity is registerd under Socity Registration act 1972 in m.p.this society is operating a school.& there reciepts are 16 lacs during the financial year 2007-08.& after deducting all expenses surplus is 45000. now my query is that is this society has to file a return ?& if applicable then how much tax liability will be imposed. this society is operating school only. not any other activity.
CAclubindia
