Sec 10(23)C Exemption
This query is : Open
22 January 2011
Sir,
Is a school, registered under societies Act, required to be registered under Income Tax Act to get exemption u/s 10(23)C ?
If yes what is the procedure for registration?
Pls guide me.
Is a school, registered under societies Act, required to be registered under Income Tax Act to get exemption u/s 10(23)C ?
If yes what is the procedure for registration?
Pls guide me.
23 January 2011
Yes an application has tobe made to the Director of Income Tax (Exemptions)in form no 56
Message likes :
1 times
26 January 2011
Could you pls give me the data regarding following two cases
Case-1
a school registered under societies Act & IncomeTax Act[sec-10(23)C]
Case-2
a school registered under societies Act but not registered under Income Tax Act[sec-10(23)C]
Question-
In both the cases
1) What are the applicable tax rates?
2) Whether the Audit is compulsory or Not?
3) Form of Audit Report? (10BB or 3CB/3CD)
4) Form of ITR? (ITR-4 /ITR-7)
Thank you.
Case-1
a school registered under societies Act & IncomeTax Act[sec-10(23)C]
Case-2
a school registered under societies Act but not registered under Income Tax Act[sec-10(23)C]
Question-
In both the cases
1) What are the applicable tax rates?
2) Whether the Audit is compulsory or Not?
3) Form of Audit Report? (10BB or 3CB/3CD)
4) Form of ITR? (ITR-4 /ITR-7)
Thank you.
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