Return of income

This query is : Resolved 

12 January 2016 An AOP registered u/s 12A as educational institution is required to file in come tax return and audit report under which conditions. for instance, if an income & expenditure A/c of such institution shows deficit , then what will be the legal implications.?

12 January 2016 if income (including corpus donation) exceeds basic exemption limit then ROI is required

12 January 2016 If income & Expenditure shows deficit then ?




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