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Tax on school

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(Querist)
14 September 2015 what are the income tax rules applicable on school(profit making not a trust). Expenses allowed and disallowed. is there any benefits if school is run through partnership like any additional expenses allowed.
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Rajesh Kumar

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Rajesh Kumar (Expert)
14 September 2015 If it is not a trust or charitable organization, a business of school shall be assessed just like any other business.

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